Ownership Ramifications
I will soon be purchasing a propoerty that I will rent out. What are the ramifications on me both tax-wise and liability-wise if I do not set up an LLC? If I dont set up an LLC, am i more likely to be sued personally if something should happen on my property?
thanks
tyvalence--
You might do better if you post this under the legal or landlord forums, rather than birddog.
[ Edited by ceinvests on Date 11/03/2004 ]