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[QUOTE=HardDrive;5173572]BTW, the reason I am looking at an LLC is concern over liability. My wife is a physician, and I worry about someone deciding to play 'Go Fish' with the court system. Unless I am grossly misinformed, an LLC provides better legal protection for your assets, yes?[/QUOTE
We formed a LLC for an added layer of protection against litigation, liability and other issues concerning our investment properties. (self directed IRA which owns investment property) One of my investment partners turned my on to a great attorney who explained all the benefits and tax liabilities for CA. WA may differ.
I like the LLC structure and echo the suggestion consult a good attorney in WA who specializes in R/E to explain the differences of S corp etc.
Good Luck HD
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Former Test driver & Production Manager Singer Vehicle Design
2009 Cayenne GTS, '81 911SC RoW Targa (lot's of goodies), '86 535csi, '84 633 csi (turbo charged-sold)  , '68 912 Targa (sold)  , '69 911E (sold)
"Dream it, Believe it, Decide it, DO it "
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