Archives for Real Estate

Joint Ownership of Real Estate: What’s an LLC Got to Do with it?

Joint Ownership of Real Estate: What’s an LLC Got to Do with it? When owning real estate with other persons, whether they be family or business partners, knowing how to manage that real estate and the expectations of everyone involved is key. Owning real estate jointly presents some unique challenges, such as paying for the costs involved with the ownership, i.e. taxes, maintenance and upkeep, insurance, and utilities. Although not terribly burdensome, knowing how these costs are to be handled can prevent a lot of unneeded stress. Owning real estate in a Limited Liability Company (LLC) can have distinct advantages
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Categories: Article, Elder Law, and Real Estate.