Articles - Business Structure

Business Structuring & Protecting Real Estate Assets

There are several ways to go about properly setting up your real estate investment business entity. Structuring your legal entity as a real estate investor is different than simply setting up a regular “brick and mortar” business where you can choose from incorporating as an S, C or LLC corporation. Currently in Illinois, there is a new entity called a Series LLC. This structure may be one of the best choices for you as a real estate investor (see disclaimer). This new entity can provide the same amount of legal protection but costs less than an appraisal or property inspection. With the cost being so low it is an absolute “no-brainer” to make this the entity of choice for buying and selling AND buying and holding real estate, in my opinion. In order find out more information about setting up your real estate business as a Series LLC, consult a local attorney that can give you more information on this subject. P.S. Did you know that Illinois is the most litigious state in the entire country? That means that there are thousands of attorneys looking for ways to sue people. Are you protected?