Rental property in LLC... what happens if the renters sue me and win?
Post on 15-Apr-2017
Rental property in LLC... what happens if the renters sue me and win?My understanding is that an LLC limits my liability up to the assets I put into the LLC. So if... I have a house worth $100k and a mortgage on that house for $80k Sign my house over to my LLC but keep the mortgage in my name Then the renters sue me and win I'm assuming that my maximum loss in the LLC would be $100k (the value of the house that I signed over to the LLC) not $20k (my SOLUTIONFind the best solutions and providers for you at:
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