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05-11-2008, 12:38 AM
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#1 |
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Junior Member
Last Online:
05-11-2008 01:39 AM Join Date: May 2008
Posts: 1
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Best way to own a rental property
We are three sisters who have inherited a large house in an excellent rental area. We are preparing to rent it soon. Would it be a good idea to set up as a limited liability company? we want our personal assets to be protected. We will own it as tenants in common, each owning 33 1/3%.
Last edited by janeyjans : 05-11-2008 at 12:41 AM. |
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05-12-2008, 08:08 PM
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#2 |
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Top Level Member
Last Online:
07-11-2008 01:49 PM Join Date: Mar 2007
Posts: 696
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Re: Best way to own a rental property
That is one way of doing it yes.
You may want to meet briefly with your accountant or tax planner as well; they may also have considerations that fit your particular situation. |
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