Consider owning your investment property in a Limited Liability Company (LLC)
If you are thinking about purchasing or already own rental or other investment property, you should consider transferring it to a Limited Liability Company (LLC). This can be a great way to protect your assets, while at the same time you may be able to reap some tax advantages. Suppose someone slips and falls on your rental property and sues you. If you own the property as an individual, all your assets would be at risk