Which is better to have an llc or an umbrella policy? What are the advantages and disadvantages etc?

Hi, I'm debating whether I should purchase umbrella insurance or setup an llc for my rental. Below is my conclusionIf lawsuit amount > umbrella coverage, I'd be liable for remaining balance and I could lose the ren...

I am about to close on my first duplex here in San Diego! Yay!I have an insurance quote for around $60 per month that includes $1M in liability insurance (I am occupying the back so rate is lower bc its primary reside...

how do i register a corporation when i know i will want other businesses under the umbrella?

As a long term, buy and hold investor, should I hold title to the property in an LLC to increase asset protection or is having an umbrella insurance policy enough? or both?

Hello just looking for advice on purchasing my first Sfh rental investment property with regards to setting up an LLC or getting an umbrella policy and making sure the property is maintained. Seems llc triggers a comm...

I see numerous threads on umbrella policies here, but I am still not 100% clear.  Few questions.1) Does the umbrella policy on my primary residence also cover any rentals I own? I think the answer is it depends on the...

Hi everyone,I’d like to open this for discussion. Can someone list the benefits/cons of LLC’s and Umbrella Policies? I keep coming across conflicting information and am getting very confused. I am just starting out on...

In Tennessee the franchise tax for an LLC is very high. It is compounded by the home values being low (smaller depreciation) and the rents being high- and they tax on revenue not profit. Recently it was suggested to...

I have grown into 8 properties with 10 tenants with no LLC/umbrella insurance.  All properties carry a regular home insurance/property insurance though.  Any thoughts please.