Legal Question in Business Law in Pennsylvania

Investing in Real Estate

I am a novice when it comes to real estate...

I am wondering... Can you start a corporation or LLC with the sole intention of investing in rental properties/buildings? A friend and I want to start accumulating property for income and we thought this might limit our liability.

Please let me know..

Thanks.


Asked on 3/18/04, 12:15 pm

1 Answer from Attorneys
Gerald Hershenson Law Office of Gerald M. Hershenson

Re: Investing in Real Estate

The purpose that you have described is a legitimate reason to form an independant entity. Many people who invest in real estate use either a corporation of LLC to limited their liability. If I can be of any assitance please let me know. Gerald Hershenson 215-579-9390

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Answered on 3/18/04, 1:26 pm


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