You may find that Mecklenburg County is the same.Some further info:https://www.mecknc.gov/CountyManagersOffice/BOCC/O...http://charlottenc.gov/planning/Rezoning/Stakehold...

How does that impact investors, realtors, and other stakeholders?

Network with property management companies and other key stakeholders.

I realize there are other ways to get asset protection but an umbrella coverage has some advantages including the insurance has a big stake in any legal action, you are protected to the level of the insurance so no worries, and there is no need to try to maintain separation of funds.LLC will cost $800/annually tax, can be pierced if there in not good separation of assets, likely will not spare you from being named individually in any law suit, and there in no other significant stake holder to assist in the legal battle.Good luck

"The mission of Project Destined is to transform minority youth into owners and stakeholders in the communities in which they live, work and play.

They are having a hearing open to Landlords, Tenants and stake holders (general public as well) to provide them with your comments, concerns and ideas.

In addition to our accredited investors, you will see our company stakeholders also contribute. 

You want to develop a stakeholder, someone that shares your overall philosphy/vision for your empire.

If paid as a dividend then all shareholders, potentially you personally, your 401k and any other stakeholders would receive a cash payout.

We would be equal stakeholders and I seem more committed than him so I think an LLC would be a good idea in the event that one of decides we no longer want to continue.