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Updated almost 11 years ago, 01/16/2014

User Stats

14
Posts
3
Votes
Mohammad Foro
  • Real Estate Investor
  • Las Vegas, NV
3
Votes |
14
Posts

Can a c-corp assume all liability without property title?

Mohammad Foro
  • Real Estate Investor
  • Las Vegas, NV
Posted

I am looking to setup a c-corp to collect rent on my multifamily unit. The catch is, I dont want to put the title of the property in my c-corp's name - I want it to remain under my personal name.

Can I use the c-corp to do all the property management (i.e. it will be done by me as an employee of said corp), and if a tenant sues they would sue the c-corp? Or does that fact the title is in my personal name mean that the tenant is able to sue me directly even though they rented off the corp?

Also, I am not a real estate broker - would that mean I am breaking california law if I am acting as a 'property manager' under a c-corp even if it is my personal property?

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