Investment Club Liability

General Real Estate Investing
1

Hi,

I am a member of an investment club of 12 in NYC. It is an LLC. We’ve recently started focusing on investing in real estate and moving away from stocks. My question is, should i be worried about my personal property, should something go wrong in the investment group? I am looking to put my personal property under the ownership of an LLC, but it the mean time, I want to make sure I’m safe.

Appreciate any feedback. Thanks.

2

Since your club is a LLC, you should be protected personally. That is if the club is performing as a LLC and can’t have the corporate veil pierced.

As always, your club should seek legal advice. You can also try

http://www.betterinvesting.org/

Patti Porter

3

Thanks Patti.

That’s what I presumed.