i feel like a nuisansce------can not wait tell i “know” more. I am executing my LLC -----and putting my ‘home’ in land trust. After i get my LLC i will open a bank account-----and fund it. In the meantime i will need to pay for such expenses–so after i open account --i charge back for such expenses…? I believe i am to put each property in separate landtrust—but do i also need to have separate LLC—my apologies just when i think i get —i confuse myself. Thanks for your time and patience (i hope) ::).
namaste taylor
once your llc is funded either with capital or a loan, then submit an expense report to the LLC and have it reimburse you.
you don’t "have " to separate things, but if you do then you have the advantage that any crisis that develops in one property will not affect other properties. All properties within the same entity are at risk to each other.
I’m not sure how multiple properties in the same trust are treated. wiz?
"All properties within the same entity are at risk to each other. "
mcwagner-Is that the purpose of having each property in it’s own LLC? Graciez
ideally. more realistically, three or 4 per LLC to keep it manageable. If you try to do one per LLC, you really need a seperate co to act as management co while the others just “own”. otherwise you’ll drive yourself (and your CPA) crazy with all the checkbooks!
Thanks for the clarification! Graciez