Should your business own real estate too? Probably not

Description

Abstract: Many business owners own not only typical business assets, but also the land on which the building and parking lot sit—and possibly other real estate as well. But there can be negative consequences when a business’s real estate is included in its general corporate assets. For example, your business could be liable for injuries suffered on the property or, vice versa, legal liabilities encountered by the corporation could affect your ownership of the property. By holding real estate in a separate entity, you’ll reap some tax advantages and be able to pursue more real estate ownership options without affecting your core business. This article takes a closer look.