Posted by Bud Branstetter on October 29, 2000 at 20:46:41:
The answer is not either/or but both. For various reasons you want the title in the form of a land trust. The beneficiary is your limited liability company/ltd parnership. Of course it is better if you have two entities as co-beneficiaries. The courts do not partition trusts with multiple beneficiaries and the creditor can only get a charging order against an LLC.