LLC formation

We have rented our house along with an attached pool. How can we avoid liability? Hold harmless clause? By an LLC formation? Is there any harm if we form an LLC for our protection? The house is ours and there is no mortgage on it.

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It completely depends upon your situation. Yes, if you put your house in the LLC, it’ll certainly create liability protection. Therefore, the legal actions would only be against the LLC and only the assets of the LLC would be at risk.

Last Updated on: 08 Jun 2018

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