Article: Should You Use An LLC For Your Real Estate Investing? Probably -- And Here's Why
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Should You Use An LLC For Your Real Estate Investing? Probably -- And Here's Why
Accountants and attorneys love limited liability companies. But do limited liability companies?LLCs for short?really make sense for real estate investors. Probably they do for two almost unknown reasons.
The Big Legal Benefit of an LLC: Limited Liability?
The big legal benefit of an LLC is that limited liability companies provide all the same liability protection as a corporation?but with much less red tape. A regular corporation, for example, requires regular stockholders meetings, a board of directors, regular board meetings, and of course records of all these activities and bodies. But a limited liability company doesn?t.
This legal liability protection provided by an LLC can be extremely valuable. One local attorney I often collaborate with,...
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