A common scenario in my legal practice: Investor purchases property in an LLC. Investor locates a tenant. Tenant falls behind in rent. Investor hires attorney to evict Tenant. Why hold real estate in an LLC? Most of my investor clients own investment real estate in a Limited Liability Company. This is for liability protection. Once aContinue reading “Landlords/Investors/Property Managers: Single Member LLCs Could Evict Tenants without Legal Representation under House Bill”
Tag Archives: limited liability company
Business Owners: News Headline Illustrates the Potential Legal Consequences of Business Break-Ups
The American Bar Association Journal reported a bit of legal news today- a Defunct Law Firm was Ordered to Pay Subleases for a Manhattan Office Building, see the article here Business owners – you know why you create a business entity – a corporation, or a limited liability company – to limit your personal liability fromContinue reading “Business Owners: News Headline Illustrates the Potential Legal Consequences of Business Break-Ups”
Purpose Driven General Counsel 