All Forum Posts by: Brandon M.

I understand the basic protections afforded by the LLC, using a separate LLC for each property in theory provides the best legal protection against other assets. However, having separate LLC for each property seems like it would create an excessive amount of administrative duties and costs since each LLC requires various filings depending on the state of incorporation etc. For an individual just starting out it doesn't seem financially feasible to pay for separate LLCs.

If an individual were to use separate LLCs for each property, has anyone developed a specific LLC naming convention that they feel improves the administrative process? I have seen LLCs named after the address (123 Main St LLC).