How to protect your LLC investments

Description

Abstract: Real estate owners and developers often form limited liability companies (LLCs) to hold title to property. One key reason for making the switch is that LLCs limit personal liability. While these entities do offer protection from personal liability for the debts and liabilities of the entity itself, some exceptions exist that could drain an owner’s or developer’s personal finances. This article discusses some of the ways that personal liability can exist and how it can be minimized.