Personally Owned - Business Operated?

I own a building which I lease to multiple companies, right now I am not protected by the Limited Liability veil. I want to lease my building to an LLC, that I own, for just enough to show little or no profit, and use the LLC to expend the remaining revenues. Would the LLC be protecting me personally if a lawsuit is filed? Or is it completely necessary to quit claim the building to the LLC in order to protect myself?

Comments(2)

  • OCSupertones16th September, 2003

    You've gotten deeper than I can help you, but it might be easier for other's to keep track if you start replying to your original post's instead of creating a new topic.

    good luck

    Brandon

  • WossBeck16th September, 2003

    Alright, will do. Thanks

    Woss

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