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Updated over 11 years ago,
LLC's and Land Trusts
I have a question that I hope some of you may be able to answer.
We are working on setting up a business structure for our rentals.
The first tool that we will use is insurance.
After that we are are presented with a decision.
Should we put each property in a Land Trust then put them under an LLC or should we create two LLC's and split the properties in half between the LLC's? Then perhaps we could put another LLC over the two as a holding company...
The second option is more expensive but is it a better business structure?
The info online ranges widely on this topic as does the info we have received from lawyers and accountants. This forum is always so helpful I just wanted to see what some of you were doing.
Thanks.