Story cover for What is a Real estate LLC? by devinsarwal
What is a Real estate LLC?
devinsarwal
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devinsarwal
Ongoing, First published Oct 03, 2019
devdevidevin
When real estate developers such as Dev Sarwal form a real estate limited liability then it becomes the legal entity which is different from the individual real estate developer Dev Sarwal.  It means the LLC will have its own bank account and tax ID as well as can conduct the real estate investing business all under its name. In short, they are liable for their own action.  It is also in between the corporation and the partnership. It has several benefits such as decreased liability for the property owners, protects the personal assets, provides the tax benefits and hasn't strict regulation. Even they have greater limited liability than those who choose the real estate partnership.
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