Legal Question in Real Estate Law in Nevada

I have an investment property and a LLC. The investment property is held in my name, not the name of the LLC. I was told that in order to protect my own personal libability, the investment property must be in the name of the LLC. Is that true? Thanks so much.


Asked on 12/27/10, 10:06 am

2 Answers from Attorneys
Jeffrey Cogan Jeffrey A. Cogan, Esq., Ltd.

Absolutely. If you need help transferring it to the LLC, email me at [email protected].

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Answered on 1/01/11, 12:37 pm
James Smith James E. Smith Ltd.

An LLC limits liability related to the property to the asset value of the LLC. However, if your interest in the LLC is 100% then your 100% interest in that LLC is still at risk, even though the remainder of your personal assets is off limits.

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Answered on 1/02/11, 7:58 am


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