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Commonly Asked Questions about Real Estate Forms for LLC

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.
Forming an LLC in your home state is the most advantageous option for most businesses, while business-friendly states like Delaware, Nevada, and Wyoming offer additional benefits for certain industries and situations.
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.
How to Start Your Rental Property LLC in Texas 9 Important Steps to Follow Step 1: Choose a name for your LLC. Step 2: Designate a registered agent. Step 3: File your Certificate of Formation. Step 4: Create an operating agreement. Step 5: Obtain an employer identification number (EIN)