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LLC question

Asked by: is it best to set up an L - 16 December, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 Is it best to set up a LLC if you plan to purchase a rental home in Missouri?
Answered by: Alex Zehn - 17 December, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/28.jpg-7d9906f3bebbbdfc924d6dc4cf7bc094 Dear Visitor,

Typically, experienced Real Estate investors place each property into it's own LLC to maintain the limited liability and the separation of this property from other assets.

Being that the LLC would hold a physical property, it would have to be registered in that respective state, in your case Missouri, either as domestic (regular) LLC or foreign (if it was register in another state).

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