Jun 1, 2020
4:15:52pm
4:15:52pm
It is more than just that. You need separate accounts, agreements between the
LLCs (intercompany agreements), annual filings, separate credit cards. Also, may want to set up a service LLC that does the management of the property.
It is an oversimplification to just get a whole bunch of LLCs to protect you. There are a lot of things you need to understand and do to actually get that protection. Otherwise you are just paying the government more money for no more protection.
It is an oversimplification to just get a whole bunch of LLCs to protect you. There are a lot of things you need to understand and do to actually get that protection. Otherwise you are just paying the government more money for no more protection.
Originally posted on Jun 1, 2020 at 4:15:52pm
Message modified by Baron on Jun 1, 2020 at 4:19:33pm
Message modified by Baron on Jun 1, 2020 at 4:24:52pm
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