Asked by Miguel Angel Martin, Outside U.S. • Sat Oct 22, 2011
I bought 5 houses in Miami (USD 70K each) and I was thinking create LLC to cover liability problems with tenants. I asked to 3 CPA about the accounting cost of every LLC and I realize it is very high to maintain the investment. My question is.
1. Is too dangerous to have my investment like sole proprietorship?
2. can I cover the risks with a liability policy?
Many people told me that liability insurance not cover all problems do I have with my tenants and for that reason the advise to create LLC. There is any web page with policy models to see what the policy covers?
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