admin Posted September 13, 2018 Share Posted September 13, 2018 Owen Stribling 10 hrs I own 1 duplex and want to limit my personal liability by getting a business license. Any suggestions/lessons learned regarding the best business structure to use? From my brief online search it appears LLC is the way to go to limit liability. Quote Link to comment Share on other sites More sharing options...
admin Posted September 13, 2018 Author Share Posted September 13, 2018 Cameron Harki Sure an LLC would be best if set up correctly.. but for your situation, I would get an umbrella insurance policy, and make sure you separate all business transactions from personal ones. And keep records of all your business (rental) transactions. Quote Link to comment Share on other sites More sharing options...
Realtor Matt Miller Posted September 13, 2018 Share Posted September 13, 2018 I know "they" want us to have a Business License, but I have never ran across anytime that it was asked for. Think about starting a parent LLC in Wyoming and then have that LLC start an AK LLC. It use to be that NV was the place to go, but they have since raised their rates. Just need to find someone you know in WY to be registered agent or have a company in WY be it. 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.