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Commonly Asked Questions about LLC Real Estate Transactions

Step 1: Name Your Real Estate LLC If youre starting an LLC to hold property, youll want to choose a formal name (last name or initials of the member(s)) that is completely unique from any other name in existence in your state.
In California, a real estate brokers license can only be issued to a corporation or an individual, not an LLC. So although investors should use LLCs, Real Estate Brokers may not use LLCs to hold their license to perform broker services.
Whether you already own real estate, or you are looking to expand your investment portfolio by investing in real estate, starting an LLC (limited liability company) is an excellent idea.
When you invest in California real estate using an LLC, or limited liability company, you dont own the propertythe company does. This can afford you all sorts of protections and opportunities that are unavailable to those who use another method of holding the title to residential or commercial property.
Benefits of Forming a California LLC for Rental Property Separation of Personal Assets from Real Estate Holdings. Liability Limitation. Protections Against Liens Against Identically Titled Properties. Personal Liability Protection Among Members. Trusts Generally Do Not Provide Asset Protection or Limited Liability.
How to Create an LLC for Florida Real Estate Investments Name Your LLC. File the Articles of Organization for Your LLC. Pay the Filing Fee. Create an Operating Agreement. Get an Employer Identification Number (If Needed) Register With the Department of Revenue (If Needed) Get the Business Licenses You Need.
Protects From Personal Liability You may own the LLC, but the LLC does not own you or your personal assets. When LLCs own a property, the owner of those LLCs are removed from any liability.