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Updated over 1 year ago,
LLC as a holding company for assets?
I recently formed an LLC for property management, as I intend to get into the business of STR arbitrage. I'm also looking to expand my investor portfolio, and recently turned my home into a rental. The lease agreement with my tenant is through my property management company. My attorney recommended I put the home in my LLC. However, I do not want to put the asset in an LLC that is intending to do business. Especially since I intend to expand my business with arbitrage and want to protect myself and my assets. I've heard of creating separate LLCs for each property, or creating a holding company for the assets. Anyone have this type of setup and can give me advice? I am very new to the concept of a holding company.