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

Comments(1)

  • ceinvests3rd November, 2004

    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 ]

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