JJ Luna

Rental Property & LLC

Submitted by:
I own rental property in Detroit MI, I was planning on transfering them to an LLC for two reasons, protection and privacy if possible. I have noticed that you are recommending, from other posts, LLC's from Georgia for protection. Why would you recommend that?

JJ Luna Responds:

Look again. I have NEVER in my life recommended LLCs from Georgia, for use in other states! For privacy, New Mexico stands alone. However,if someone plans to do business with an LLC, such as buying rental properties, that is another matter. In such a case, (since the LLC may someday wish to file a lawsuit), form the LLC in your own state, whichever state that may be.
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