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re: Rental Properties Spinoff: Should you LLC?
Posted on 3/14/17 at 12:52 pm to Giantkiller
Posted on 3/14/17 at 12:52 pm to Giantkiller
quote:
I recently was speaking with some closing attorneys who suggested putting each one in it's own LLC to protect yourself against any liability but other articles I've read say if someone gets hurt in one of them, the LLC wouldn't really be able to protect you anyway.
This is solid advice, and you should follow it. I have a catering business and every trailer is a separate LLC. You do not want something to happen to a scum bag and lose everything you have worked for.
1
Posted on 3/14/17 at 12:56 pm to CoachChappy
Friend of mine has his rentals held by a holding company in Panama. He really went above and beyond 
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