Should I Put My Primary Residence Into A Limited Liability Company?

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Multiple member limited liability companies (“LLCs”) can be very useful tools for achieving asset protection . For this reason, individuals sometimes consider transferring their primary residence into an LLC. There is no law that says you can’t put your primary residence into an LLC, but there are numerous reasons why it may not be a good idea if your primary objective is asset protection.

Written by:

Attorney Maureen L. O'Leary

Willms, S.C.

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Published In: Business Organization Updates, Residential Real Estate Updates, Tax Updates, Wills, Trusts, & Estate Planning Updates, Business Torts Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Maureen O'Leary Guth | Attorney Advertising

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