Legal Question in Business Law in Arizona

I have a vacation rental property in AZ and we just acquired another can I have these under the same Lcc or should aI create another for the second property?

Asked on 9/17/13, 2:33 pm

1 Answer from Attorneys

Donald Scher Donald T. Scher & Associates, P.C.
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You can have both properties owned by the same LLC. Creating a second LLC would be for the purpose of limiting liability, arising out of ownership of each property, to one LLC, so that in the circumstance that one property becomes worth less or a judgment is taken against the owner of one property, the other property, and your interests therein, is not affected.

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Answered on 9/17/13, 4:25 pm

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