[jorian]

What kind of law suit? I carry all-risk insurance with 5 million liability. My family has been in this biz for over 50 years with over 250 'doors' and has never been sued.

The primary advantage of holding a property in a company rather than personally is to allow a share sale at dispostion and mitigating capital gains taxes.

Edit: This is a Canadian perspective. Our tax system is different (ie we pay alot more!) and we don't sue each other as often.