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Updated almost 9 years ago on . Most recent reply
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Should I title in an LLC?
I am buying a house in a month and a half and am going to rent it out after about 6-9months of living in it. I plan on forming an LLC for the rental but want to know if it is necessary to transfer title to the LLC or if there is another way to get the same liability protection? I heard of possibly renting it to the LLC and then the LLC subleases the property, is this a valid strategy? Any other recommendations?
Cheers,
Patrick
Most Popular Reply
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I'm doing pretty much the exact same thing. I scheduled a meeting with a CPA to discuss some of the tax benefits/burdens. I think for protection purposes you should speak to either a RE Lawyer or a wealth conservation specialist.
I hope that helps!
-Swiss