An LLC is a limited liability company, not a corporation. They are different and distinct types of legal entities. LLC vs. Corporation - What is the difference between an LLC and a corporation?.
The primary reason residential real estate gets put into ownership by an LLC is to avoid personal liability by the member(s) (owner(s)) of the LLC. Holding residential and investment real real estate in LLCs is common.
Of course corporations can own real estate as we all know.
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Last edited by manaboutown; 04-23-2024 at 06:22 PM.
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