LLC or Umbrella Policy?

[Jonathan Shnoravorian]

Hi everyone,

I'd like to open this for discussion. Can someone list the benefits/cons of LLC's and Umbrella Policies? I keep coming across conflicting information and am getting very confused. I am just starting out on my out of state investing journey, and I have a company in Nevada trying to sell me on why I should open up an LLC there. The idea being that each property will have its own trust, and registered in whichever state I decide to own property in. Looking for explanations and advice, please!