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

[Tom Henderson]

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 

[Account Closed]

If you are looking for asset protection get a good insurance policy and forget about all the guru hype on LLCs, but you can set up an LLC, but it will not protect you when you are sued.

Joe Gore