Posted by stacy on May 31, 2000 at 10:49:16:
I understand your point about delays associated with details of setting up a corp, LLC etc… but from everything I’ve read on this site, the liability of putting ANY property in your name is NOT recommended. In fact, I’ve seen more than a few posts that say it’s quite dangerous, especially if you own your home or any investments that can be gobbled up by a greedy lawyer. Don’t these all come into play if your sued?
I’ve done some flips and I’m in the process of choosing between a corp or LLC before I start doing lease options. Since L/O are one of the most common form of creative deals tenant buyers sue over, should I not be prepare for the fight?