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by dmix 2638 days ago
> each project gets its own LLC, which allows them to contain any potential liability for the project

Interesting. That's a great idea for any fixed time + capital intensive projects. Keeps the structure, ownership, and responsibilities clean for a small amount of legal/paperwork.
1 comments
tracker1 2638 days ago
A lot of rental properties do the same. Each property is its' own LLC to minimize potential liability/risk.
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ABCLAW 2638 days ago
>Each property is its' own LLC to minimize potential liability/risk.

The individual SVP structure for rental properties is primarily used to avoid land sale taxes. Sell the shares, not the building/land etc. to benefit from a different tax regime.

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