ASSET PROTECTION 101: WHAT IS AN LLC? NELLIE AKALP
n my previous article in REI Wealth Magazine
The LLC (Limited Liability Company) is a popular
Issue 8, I spoke of the potential risks involved in
asset protection vehicle for real estate investors. An
real estate investment – namely, the risk that
LLC essentially forms a wall that shields individual
your personal assets are vulnerable should you
owners from personal liability. In addition to this
be sued by a tenant or property guest. There are
personal liability protection, forming an LLC can also
measures you can take to prevent such a
offer tax advantages and other benefits.
scenario from playing out.