[quote=earlyretirement]
Definitely I understand that having a property under an LLC doesn’t prevent lawsuits. But it still sounds like it’s a good vehicle if set up properly under the guidance of an experienced asset protection and estate planning attorney.
[/quote]
Sorry, I really don’t want to harp on this, but can you explain exactly how it provides any protection at all?
Also, you made mention of paperwork which documents some kind of rental agreement between you and the LLC. If you are actually paying rent to the LLC, you got bad advice with regards to registration in California. Collection of rent IS doing business.
