If you’ve inherited investment property with your siblings, setting up a limited liability company (LLC) can be a smart way to manage and protect your shared asset.

If you’ve inherited investment property with your siblings, setting up a limited liability company (LLC) can be a smart way to manage and protect your shared asset. An LLC offers liability protection, helps avoid personal legal exposure, and provides a clear structure for ownership, decision-making, and profit distribution. It also simplifies tax reporting and can make it easier to transfer ownership in the future. By forming an LLC, you and your siblings can establish a formal agreement outlining each person’s responsibilities and rights, reducing the potential for conflict and ensuring the property is managed efficiently and fairly.

Give us a call at 253.858.5434 to find out how we can help you and your siblings handle your inherited investment properties.