LLCs Provide Tax, Liability, and Other Benefits for Developers
Author: Lawrence J. Feller.
Source: Volume 25, Number 04, Summer 2008 , pp.65-78(14)

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Abstract:
Real estate entrepreneurs increasingly use limited liability companies to purchase and hold real estate. Entrepreneurs sometimes feel that insurance adequately protects an owner’s liability and risks, but often policy exclusions and limits, coupled with the rising costs of insurance, make insurance coverage an imperfect means of protection. LLCs represent an inexpensive means of insulating owners from liabilities associated with owning real estate. The limited liability of the LLC and the flexible nature of LLCs permit, among other things, attractive investment opportunities, favorable tax treatment, and estate planning opportunities to owners and investors.Keywords:
Affiliations:
1: Horwood Marcus & Berk Chartered.