J
JerryC
New Member
I am about to buy a couple of units in a mini-motel in Montana. I will bring any rental revenue back to the UK pretty much straight away. I have been given 2 options:
1. Own property in my name and obtain extra umbrella insurance on normal insurances.
2. Own property under an LLC and normal insurances.
I want to make sure that if anything happens in my motel room eg someone trips over and breaks their neck and I get sued, my UK assets cannot be touched. Can anyone give me advice on which option I should go for?
1. Own property in my name and obtain extra umbrella insurance on normal insurances.
2. Own property under an LLC and normal insurances.
I want to make sure that if anything happens in my motel room eg someone trips over and breaks their neck and I get sued, my UK assets cannot be touched. Can anyone give me advice on which option I should go for?
