Response to Attorney Question: Multiple LLCs
An attorney question came across my desk the other day and I thought I would share my response with the collective. She queried whether multiple LLCs or a single LLC was most appropriate to hold her client's rental properties, and solicited experiences and opinions on how other attorneys deal with the issue, especially in light of the famed Olmstead decision, personal liability, adequacy of insurance, and tenants by the entirety (TBE) ownership structures. What follows is my spark notes response: Those are interesting questions and ones that I discuss with my clients and in presentations quite frequently. Ultimately, the creation [...]