WebJan 12, 2024 · What Is An LLC? A limited liability company (LLC) refers to a specific business structure. The main reason a business owner chooses to organize their … WebDec 27, 2024 · What is a real estate LLC? An LLC is a business structure that protects a business owner’s assets. If the owner is sued or owes money, the plaintiff or collector can only come after the business’s assets, not the owner’s personal assets. It also increases tax options for real estate agents. Michel Cocke CEO at 253 Houses
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LLC for Rental Property: All Benefits, Drawbacks & Alternatives
Filing your LLC documentation is just the first step in being ready legally to buy properties as a separate entity. You’ll likely also need to get a general business license, apply for an employer identification number (EIN) from the IRS and file annual reports on the state of your business. These requirements … See more Consider including words like “real estate” or “properties” in your name. It will also need to include the designator “LLC” at the end. There are certain words that you’re not allowed to use in an LLC name unless you get special … See more While the articles of organization lay down the basic information of your business, the operating agreement goes more in-depth. It fine-tunes how your business will be run, including: 1. Profit … See more A registered agent manages the legal documentation for the LLC. Make sure you choose someone responsible for this position who lives in … See more The articles of organization—sometimes called the certificate of formation—outline the finer details of your LLC. It includes things like your name, … See more WebIn Business Real Estate offers a wide range of Chicago Real Estate Services to help you find your next home, sell your current home or expand your investment portfolio. Our agents … WebCENTURY 21 Commercial®, the CENTURY 21 Commercial Logo, C21 Commercial® and C21® are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair … easter bunny trail mix