rental property: Rental Properties in an LLC -- how this affects insurance.
- 05/02/08 03:28 AM
Hello- Many of my clients purchase rental properties or inherit rental properties. Attorneys are telling these people that they should be putting the property in the name of an LLC to protect the owner - which is a very wise suggestion. All of those people without LLCs are just opening up their liability exposure and will be personally sued if there is ever a claim on the rental property involving personal injury/death etc. I am not an attorney and will not get into the legal ramifications of all of this but I agree that the more protection you have the better. The … (9 comments)
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