I'm tryring to determine if I need to setup an LLC to protect a couple of plots of land I purchased online. I might be interested in buying more plots in the future.
Thanks! A limited liability company can be an advantageous structure for real estate, it provides the protection from personal loss like a corporation, but avoids double taxation.
Not sure what protection you believe you need in these particular transactions, but you could set up an LLC for each plot. That way, any issues or liabilities with one would not pull down others.
Just make sure your financing aligns with your strategy, so you don't accidentally pick up unintended exposure. |
