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Updated about 11 years ago,

User Stats

7
Posts
2
Votes
Ysanne Isard
  • New Berlin, WI
2
Votes |
7
Posts

LLC question and management

Ysanne Isard
  • New Berlin, WI
Posted

I own 3 buildings each under their own LLC. I did this to limit the loss should any lawsuit arise.

I also manage these buildings myself, and now I am reading that if there is an issue, the tenant could sue the LLC and me as the manager, thereby getting around the LLC wall and into my personal finances.

Should I then set up an LLC just for management? Should I set up an LLC and then pay myself? Or is this getting overboard?

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