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As an investor, would I bear any legal responsibility if any lawsuits or accidents happen at the property?
As an investor, would I bear any legal responsibility if any lawsuits or accidents happen at the property?
Gretchen Lirio avatar
Written by Gretchen Lirio
Updated over a year ago

No. Fortunately, there is a form of ownership structure called a limited liability structure that can help protect you from personal liability.

In a limited liability structure, the property is owned by a legal entity separate from yourself, such as a limited liability company (LLC). This means that any legal action taken against the property would be directed towards the LLC rather than towards you personally. As a result, your personal assets would be shielded from any potential claims or damages.

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