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Updated about 10 years ago, 09/03/2014

User Stats

78
Posts
6
Votes
Tom Henderson
  • Minneapolis, MN
6
Votes |
78
Posts

C Corp (management company)... LLC's for actually holding companies?

Tom Henderson
  • Minneapolis, MN
Posted

Hello team!
I realize most of us are not attorneys; however, I'm curious how you set up your individual businesses?I'm looking at it from an asset protection, and business standardization framework.

---- I'm looking at creating a C-Corp for my Property management company (or LLC)

---- When I purchase additional properties, I'd like to consider purchasing them in individual LLC's

Can one purchase properties in personal names, but then run properties thru a management company; thereby, having some form of asset protection (running the $ thru a C-Corp).

Just curious if any of you agree/disagree with this approach? Again, I understand that I'm not receiving legal advice.. just looking for the counsel of fellow real estate investors.

Thank you!

Tom 

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