I currently own several rentals that I would like to protect with seperate LLC's. Should I do it online with something like Legalzoom, or is it worth the extra money to hire a local attorney? I'm able to file the paperwork myself. I just want to make sure it's done right.
2006-11-12 06:03:40 · 3 answers · asked by Clay M 2 in Business & Finance ➔ Renting & Real Estate
Boy, I wish wasn't at my second home because the information I would like to give to you is back at my other house. Anyway I am a Realtor, small apartment owner, trying to retire.
A couple of years ago I went to an excellent lecture on just what you are asking. For a minimal amount of money I purchased "awesome" material, forms, how to's etc and telephone help.
It was a lot of work but, simple enough. They taught us how to put LLCs into Living Trusts and "on and on".
If I had to remember who they were today I would put "expert protection of assets Salt Lake City, Utah" into a search and see what comes up. I bet I could find them. Let me know.
I just saw another answer and he is confused; you absolutely can put each building into an llc for that matter.
2006-11-12 06:29:05 · answer #1 · answered by hello_ms_moore 2 · 0⤊ 0⤋
that defeats the objective of conserving the valuables - each and every property could be a discrete LLC - if somebody in property A slips and falls and sues you for 10 million money and you have all the homes in one call they could get all of them - if property A is all that LLC owns, it is the shrink of your criminal accountability
2016-10-17 04:47:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Your question is confusing. Have you looked up what a LLC is?? I'm not going to sit here and spell it all out for you. Contact a CPA for your advice on this matter because I'm certain your confused on what a LLC is.
2006-11-12 06:08:46 · answer #3 · answered by CHUCK 4 · 0⤊ 1⤋