4 ms·
This is true. Just plopping a property into an LLC doesn't give you automatic liability protection. It has to be treated as a separate business.
by refurb 3y ago
This is true. Just plopping a property into an LLC doesn't give you automatic liability protection. It has to be treated as a separate business.
- bombcar 3y agoAnd even if it is a separate business, you probably only get protection from things like unpaid bills, etc. Liability (especially criminal liability) will pierce the LLC quite rapidly.