LLC question

Asked by: is it best to set up an L  — 16 December, 2011

Is it best to set up a LLC if you plan to purchase a rental home in Missouri?

Answered by: admin  — 16 December, 2011

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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