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 Author | Topic: LLC and Land Trust Question (Read 59 times) |
landtrustme
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Karma: 0 |  | LLC and Land Trust Question
« Thread Started on Sept 2, 2008, 12:25pm » | ![[Quote]](http://s4.images.proboards.com/buttons/quote.gif) |
I posted a question in the main hangout section that is kind of related and my friend wanted me to ask this question regarding their situation. Can you please answer it so I can forward it to him. thank you 
I have a business in California and looking at buying a property in Arizona and possibly another state. I want to set up a LLC for each of them for lawsuit protection and tax benefits. Should I set up a separate LLC for each of these businesses and properties or 1 LLC with separate land trusts for each?
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m007cashinvest
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« Reply #1 on Sept 3, 2008, 2:10pm » | |
Yes you would want to set up completely seperate entities. This will keep the assets seperated if and when a lawsuit happens.
and willl not co-mingle the 2 properties.
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badeconomy
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« Reply #2 on Oct 8, 2008, 6:41pm » | |
just forwarded this to someone i know that needs it. great stuff on this board, thank you.
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