New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.


Apartment house

Asked by: Kevin  — 3 June, 2013

I have a house that have three apartments in it. It has commercial insurance, do I need to do a LLC?

Answered by: admin  — 3 June, 2013


It would certainly be a very good idea to have the property owned by an LLC, hence separating you and your personal assets from the liabilities related to this property.

Whenever dealing with real estate it’s always a good idea to discuss your options with a licensed accountant and/or attorney (preferably one with good knowledge of asset protection).

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