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Updated about 1 year ago,
Llc set up and attorney Florida
I live in Florida, and am widowed. We had owned 4+ single family homes, which are rented out. I used the money from the life insurance policy to pay off the rentals. I have set up a trust and have an umbrella policy for several million.
I was wondering if I should put all property into 1 LLC or if I should put each property into an individual LLC? For liability protection
I have been working on completely separating all business and personal finances.
if I had several LLCs I'd need separate bank account and it seems complicated.
the other question, is do I need a lawyer to set up the LLCs? Or is legal zoom an option?
legal zoom also has legal services for 450$ 6 months. It's obviously limited. I have talked to several lawyers and it's overwhelming. Any advice?
also my CPA recommended I file taxes as a S Corp to be able to write off expenses and take a salary. Can anyone comment on that. Or if you have advice for who to use as lawyer.
thanks