It often makes sense to have a separate limited liability company (LLC) for each investment property when you have more than one. It is certainly more convenient (and less expensive) to set up one LLC for all of your properties. However, you can maximize your asset protection by putting each investment property into its own LLC.
As a business owner, at some point, you will likely need a lawyer and not necessarily because you have a major problem you need to address. You can be almost 100% sure that if you own a business, one or more of these things will come up:
Did you know that you can protect your home from the claims of creditors? In Massachusetts, under The Homestead Act, there is an automatic homestead protection of $125,000. The amount of protection can be increased to $500,000 by filing a Declaration of Homestead
You have completed the financial analysis of your home sale (see September 20, 2017 Blog) and decided to move forward with selling. What’s next?
There are plenty of reasons you might be considering selling your home – you might need a bigger house with new arrivals on the way, a smaller house with kids off to college,
