|
Llc
I recently bought a house out of state that I want to do 1-6 months rentals. I hope to use a few times a year and spend winters there when I get older. Is an LLC really all that beneficial. It seems if something goes south, the renter would go after my insurance, then the LLC and then me. Considering my wife and I would be the partners of the LLC, what difference does it make? Does it just mean they would go after my vacation house before my actual house. I contacted a lawyer about setting up the LLC. Said it would provide protection but that’s her business so not sure how much weight I should put on that.
Seems I need an in state agent too, any idea what that cost?
Thanks.
|