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  1. 4 out of 5

    (As an aside, home purchasers in Florida should take ownership in the name of an LLC only with some caution, as Florida’s constitutional asset protections for homestead apply only to property owned by natural persons.) These are the main benefits of doing any kind of business as an LLC, whether it’s real estate related or not. “An LLC protects its owners’ personal assets,” says Rick Wallace, a property investor and founder of LLC Dojo. “In the event of legal action, the only assets that are at risk are the assets within the LLC.” Although states vary in the level of transparency required by individuals forming the business entities, an LLC can be used in any state to conceal who owns and controls real estate or other assets. Individuals forming LLCs do not have to disclose, in most cases, shareholders or beneficial owners behind an entity.
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  7. 4 out of 5

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