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Updated about 11 years ago on . Most recent reply

Kevin Huang's profile image
Kevin Huang's profile image
Kevin Huang
  • from Mars, Pennsylvania
  • Member since Dec 30, 2013
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Kevin Huang's profile image
Kevin Huang's profile image
Kevin Huang
  • from Mars, Pennsylvania
  • Member since Dec 30, 2013
Connect
Kevin Huang
  • Mars, PA
3
Votes |
20
Posts
Goals, Business Plans & Entities

Asset Protection w/ LLC in PA?

Kevin Huang
  • Mars, PA
Posted

I have a rental property, and am thinking about forming an LLC to protect my personal asset.

My mentor told me in PA if owner of LLC also manages the property himself, it provides no protection. Someone from a post made a similar comment:

http://www.biggerpockets.com/forums/52/topics/93343-purchase-in-my-name-then-transfer-to-llc-or-buy-with-the-llc

Is this true?

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