Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 15 years ago on . Most recent reply

User Stats

14
Posts
0
Votes
Thomas Parrott
  • Real Estate Investor
0
Votes |
14
Posts

LLC question

Thomas Parrott
  • Real Estate Investor
Posted

ive been reading some stuff, and i just want to make sure im not wrong about this-

but is one of the primary reasons of forming a LLC protection from being sued? Are there a lot more benefits aside from that, im not seeing?

Most Popular Reply

User Stats

1,786
Posts
464
Votes
Eddie Ziv
  • Investor
  • Mableton, GA
464
Votes |
1,786
Posts
Eddie Ziv
  • Investor
  • Mableton, GA
Replied

Going back to the original question, does LLC protects from lawsuits? Although I agree that it doesn't, structured properly it can definitely deter lawsuits. When lawyers take a case, they look at the amount of work they have to put in and match it with the prospective profit they can earn from the lawsuit. What a properly structured LLC does, it deter the lawyer from taking the case or recommend a lawsuit simply because of discovery work they have to put in and the limited profit they can get.

Loading replies...