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hi Im James Baker founder of James Baker and Associates and international tax expert slash entrepreneur and this clip youre about to see is from our last ask me anything if you want to ask me some questions I come on live Wednesdays and Thursdays as much as I can you can join with the link in the description below Id love to see you there but lets get to the clip question 11 is it a best practice to have multiple llcs for different purposes like freelance trading and real estate this is a great question because Im going to use this as a literal a literal question I think yes its best practice to have multiple llcs for a completely separate activities if youre dabbling in freelance and dabbling in trading its not essential um but real estate Im always going to say title real estate in an LLC that that only is holding that real estate and this is all for legal liability purposes theres much more legal liability risk when youre talking about U.S real estate because its out