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re: Creating an LLC for beach condo
Posted on 5/9/24 at 8:59 am to tigers win2
Posted on 5/9/24 at 8:59 am to tigers win2
Are you lending money? Keep that in mind, if a business/ llc owns it then the loan should probably be in the business name which potentially means a business loan.
Beyond that you pretty much just set up an LLC and you need to open a business checking account and do EVERYTHING financially through that. You will need an EIN.
If its only for a couple of months, you can usually get $1 mil liability for $400/ year. You may consider just doing that. Get an extra personal umbrella also, and move on with life.
Beyond that you pretty much just set up an LLC and you need to open a business checking account and do EVERYTHING financially through that. You will need an EIN.
If its only for a couple of months, you can usually get $1 mil liability for $400/ year. You may consider just doing that. Get an extra personal umbrella also, and move on with life.
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