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Updated over 4 years ago on . Most recent reply

Michael McIntosh's profile image
Michael McIntosh's profile image
Michael McIntosh
  • Rental Property Investor
  • from Lake Orion, MI
  • Member since Aug 28, 2017
  • Posts 35
  • Votes 12
  • Experience 6 Yrs
  • Investments 1
Connect

User Stats

35
Posts
12
Votes
Michael McIntosh's profile image
Michael McIntosh's profile image
Michael McIntosh
  • Rental Property Investor
  • from Lake Orion, MI
  • Member since Aug 28, 2017
  • Posts 35
  • Votes 12
  • Experience 6 Yrs
  • Investments 1
Connect
Michael McIntosh
  • Rental Property Investor
  • Lake Orion, MI
12
Votes |
35
Posts
Goals, Business Plans & Entities

Legal Setup with LLCs

Michael McIntosh
  • Rental Property Investor
  • Lake Orion, MI
Posted

I have only one rental at this point, but was advised it might be ideal to setup one LLC for the actual real estate company in addition to an LLC for each property. I believe the reason was to protect ourselves in case a tenant were to sue for anything. I also have a $1m umbrella policy for all properties I have or will have.

Does anyone have a suggestion for how to properly set this up? Thank you!

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