Читать книгу Commercial Real Estate Investing For Dummies - Peter Harris - Страница 22

The most feared risk in commercial real estate investing is getting sued. Every tenant you have can be a potential lawsuit. You can also be sued by contractors, city personnel, and the list goes on and on. How do you protect yourself? Here are two lines of defense:

 Obtain property liability and hazard insurance.

 Choose a protective form of ownership or holding, such as a limited liability company.

Limited liability companies (LLCs) are by far the most popular form of ownership used today to hold commercial real estate.

The worst possible method of holding title is to hold it individually in your name. This way, you have zero liability protection and absolutely no privacy.

In Chapter 13, we offer many tips and strategies for holding and protecting your property and assets. Your goal should be to build a “legal fortress” with the right experts.