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Updated about 9 years ago,
How should I set up a Land Trust and LLC?
Ok I'm thinking about setting up a Land Trust to invest start investing in Large Mulit-Family in Florida or Georgia. How should I do this?
I live in Virginia so I'm going to set up my first LLC here and will make my LLC the Beneficiary in the Land Trust and as long as I have a trustee that has some job duties this is smartest way to set this up to cover my tale
My doing this are there any laws in Florida or Georgia that may come up in the future just in case anything happens? I feel like I'm on the right track of thinking?
Will I have to form another Land Trust in Georgia or Florida since the states laws are all different? I do understand that Land Trust are not formally recognized everywhere as well?
Please help?