As a Buffalo Real Estate and Business Attorney, I am often asked whether a LLC should be used for holding real estate. I greatly recommend that for a number of reasons including and foremost is liability protection. It also provides for a good succession planning to pass the real estate onto future generations as well as many tax advantages, which I can explain to you.
Are you considering holding real estate with an LLC? If so, contact the experienced Buffalo Real Estate Attorney Robert Friedman.
This educational legal blog was brought to you by Robert Friedman, an experienced Buffalo Real Estate Attorney.