Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

2
Posts
0
Votes

Do I put my buildings my restaurant is located in in an LLC

Posted

I own a restaurant/bar in two buildings. I it's been open 11 years. I just set up the restaurant in a s corporation from an LLC. Right now the buildings are in my name and rented from me by my restaurant. I getting mixed advice from attorneys and accountants on if I should put the buildings in a separate LLC instead of in my name. My concern is if I get sued personally what happens to the buildings affects my business. I also have 6 rentals that are in my name and not LLC. My attorney said LLC are expensive tax wise and any good attorney can get past them if I get sued. He suggested a umbrella policy under my personal properties. Thanks for any help on this. Ilene

Loading replies...