Separate real estate entities – Two can be better than one
Abstract: A dealership that owns its buildings and land might find it prudent to separate the legal title of the business from the real estate. It can do this by transferring the title to the real estate into a newly created legal entity such as a corporation, limited liability company (LLC) or trust. It then simply rents the space from the new legal entity in a landlord-tenant relationship. This article describes the significant legal, financial and personal advantages this strategy can offer dealers.