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Colorado Real Estate Q&A Discussion Forum
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Updated over 3 years ago on . Most recent reply

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Benjamin Park
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Anderson Law vs Nevada Corporation Headquarters?

Benjamin Park
Posted

I am looking at these two companies for my rental properties and asset protection. Do I need an LLC for each property?

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Genna Golden
  • Rental Property Investor
  • Portland, OR
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Genna Golden
  • Rental Property Investor
  • Portland, OR
Replied

I have separate LLC's for each property, as advised by my lawyer and CPA. Yes, you have to track several bank accounts etc, but in the end it keeps each entity separate and accounts for performance/financials of each entity. You will likely be adding more properties as you go along that may not be appropriate to put into one llc. I do not recommend using Anderson. For me they have made matters more complicated than necessary and seem to have too many people "assigned" to your case which results in nobody really paying attention. They have been quick to charge money and slow to answer questions.

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