Apartment, setting up company for asset protection

[Ray Ndebele]

Hello,

I'm looking to build a 12 unit apartment complex in Bay City TX and had a question on setting up a company. I've set up 2 LLCs and have been told one needs to set up an LLC to hold the assets and a different LLC to manage the apartment. For financing purposing would I use the holding or management company to apply for the loan? Any recommendation on how to structure this would be greatly appreciated.

[Rich Baer]

     @Ray Ndebele

The LLC you take title in would own the property. That Company and yourself personally would be on the loan. The management LLC plays no role in the early stages.

       Rich Baer, Esq.