Quite often, I have a discussion with a client about potentially transferring their investment property (i.e., a house or condo) into an LLC, for asset protection purposes. This may make sense, but many people have misconceptions about the pros and cons. Here are three points to consider:
- Yes, if properly done, transferring your investment property to an LLC could offer liability protection for risks associated with owning the property and renting to tenants. However, it
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