Real Estate Investing Glossary
LLC
A limited liability company, or LLC, is a business entity that can own property separately from its owners.
A limited liability company, or LLC, is a business entity that can own property separately from its owners. Some investors hold rentals in an LLC for legal or planning reasons.
Why it matters to a Las Vegas investor
Whether to hold a Las Vegas rental personally or in an entity is a legal and tax question. Moving title can have consequences for loans and insurance, so read the details before you transfer anything.
Read more from Fernwood
- Should You Hold Your Nevada Rental Property in an LLC? What to Check Before You Transfer Title
- Risk Management
Related terms
Questions about LLC
Does an LLC replace insurance?
No. An entity does not take the place of appropriate insurance coverage.
Should I move an existing rental into an LLC?
That depends on your loan, insurance and tax situation. Review the details with qualified professionals first.