3 ms·
There’s no doubt these laws can be used to maximize gains by nefarious individuals. At the same time, the ability to hold a property as an LLC, thus limiting o
by bkohlmann 7y ago
There’s no doubt these laws can be used to maximize gains by nefarious individuals.
At the same time, the ability to hold a property as an LLC, thus limiting overall liability to the property value alone in the case of a lawsuit, incentivizes more individual investors to purchase rental real estate. In many instances these assets help facilitate retirement savings that are more stable than market securities.
I’m all for transparency - and it’s likely the increase in LLCs could be attributable to more savvy, legitimate investors rather than only attracting wrongdoers.
- stanferder 7y ago> ...limiting overall liability to the property value alone LLCs don't limit liability resulting from negligence, malpractice, or other personal wrongdoing, which may be germane in a lawsuit over something besides unpaid debts. https://www.nolo.com/legal-encyclopedia/limited-liability-protection-llcs-a-50-state-guide.html https://www.nolo.com/legal-encyclopedia/limited-liability-pr...