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Updated almost 5 years ago,
to LLC? or not to LLC?
Hi all,
I'm currently in the process of closing on my first rental property. I was thinking about placing the property in an LLC. Can someone explain the pros and cons of having the LLC? This is my first property so I'm wondering how imperative it would be to have one And how quickly after closing that I should file for one?
thank you it’s much appreciated.
-Joe