[anonbanker]

oh come on, Don't pretend it's hard to do; you can start a private equity firm to own your house and car. Sure, it won't have the same muscle as the larger ones, but it isn't impossible. just draft the documents, and agree to underwrite (or get a corporation to underwrite!).

[LA_Banker]

An LBO of a home is called "getting a mortgage." And yet, one's car or home isn't exactly a share-issuing company. You can form a company to own it – but that's not private equity.

Are you familiar with what "private equity" is? Note that "private equity" is distinct from "private" "equity."

[anonbanker]

One's car or home isn't _normally_ owned by a share-issuing company. are you saying it can't be owned by one? Pretty sure there's a well-known Mayer Amschel Rothschild quote about owning vs. controlling.

Private equity is an asset class. equity securities and debt (such as, oh, unpaid medical bills, and the right to collect on them) can be purchased as well as corporations/corporate debt.

Are you sure you understand what I'm saying?

[smallnamespace]

First off, no bank will underwrite your mortgage for your house if you will own it under a corporate name. It's just too unusual for the bank to think about, and also they lose the ability to place a lien against you personally.

Second, what exactly do you accomplish by doing this, except paying a bunch of money in incorporation fees and drafting documents?

There's a reason why corporate shell games are usually played by people with relatively deep pockets: all the benefits that come from using corporate law require lawyers and accountants, and those are expensive.