When you're looking to invest in property, one decision you might face is whether to own that property through a limited liability company, or LLC. Understanding the pros and cons of using an LLC can help you make the best choice for your situation.
An LLC is a type of business structure that provides its owners with limited liability protection. This means that if something goes wrong with the property, like a lawsuit from a tenant's injury, the owner's personal assets (like their home or personal bank account) are generally protected. Only the assets within the LLC, like the property itself, would be at risk.
Tiffany Webber is a real estate attorney and owner of Thomas & Webber, a real estate law firm in Mooresville, North Carolina. They handle both commercial and residential real estate closings, estate planning, and business formations.
If you'd like to work with Thomas & Webber, please email info@thomasandwebber.com
00:00 - Realtor Question
00:44 - Advantages of LLC
02:02 - Buy Now or Transfer Later?
04:13 - Cautions
30 июл 2024