LLC YES OR NO? - Posted by JIM

Real Estate Investing Real Estate Law
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Posted by Jimmy on March 16, 2005 at 09:18:21:

as for LLC? no way to answer this. the rules are different in every state. In Texas, an LLC is subject to the state franchise tax, but limited partnerships are not. an LLC works here, but an LP is better.

GL insurance? not a bad idea. can be pricey

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LLC YES OR NO? - Posted by JIM

Posted by JIM on March 15, 2005 at 14:54:04:

WE ARE TWO COUPLES WANTING TO INVEST IN TOWNHOMES—SHOULD WE FROM A PARTNERSHIP LLC?? SHOULD WE PURCHAE AN UMBRELLA POLICY FOR LIABILITY PROTECTION?