Legal Question in Real Estate Law in Colorado

Liability for Rental Property

I own Rental property in Colorado. I would like to seperate the property from my personal property. I was looking at starting a LLC or a S Corp small business. Is there any difference in liabilities between the LLC and the S Corp? Is there a time frame in claiming losses that we can transfer over to our personal taxes?


Asked on 10/14/02, 3:13 pm

1 Answer from Attorneys
Eric Fisher Law Office of Eric A. Fisher. LLC

Re: Liability for Rental Property

An LLC is definitely the way to go for real estate for tax reasons. The liability protection is the same as a corporation. If you need me to set up the LLC, call me at 970-668-1949.

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Answered on 10/14/02, 5:47 pm


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