By On Aug 22, 2019 Templates
First and foremost, LLCs limit personal vulnerability to potential lawsuits related to the property. Consider the situation in which the owner of an investment property leases it to a tenant who decides to throw a big party, during which one of the tenants guests falls over a balcony. In todays legal climate, it is quite possible that the injured guest would pursue a claim based on the unsafe condition of the rental dwelling. More often than not, the owner would be named in any lawsuit resulting from the incident. If that rental property were owned by a real estate investor individually, he or she would be named in the lawsuit and would have to defend his or her personal assets from the plaintiffs claims. In contrast, if that property were owned by an LLC, the owners risk exposure would be insulated by the protection of the company, leaving only the assets owned by the LLC (as opposed to all of the owners personal assets) exposed to potential lawsuits.
There is simply no way to eliminate all the risks associated with starting a real estate investment business, but you can easily improve your chances of success by complying with the corporate formalities required by applicable laws, even though these steps may seem tedious and somewhat confusing. If you are in the market for investment real estate, you should at least consider whether or not the acquisition through an LLC is the right choice for you. If so, it is much easier to purchase the property through the LLC to begin with, as opposed to trying to transfer the real estate to an entity at a later date where a lender might have to consent to the transaction. An LLC may not offer any more or less protection from outside lawsuits than a properly formed and operated corporation or limited liability partnership, but it does offer many other advantages that make it the most desirable form of entity in many cases, particularly with respect to real estate holding companies.
You need a well drafted invoice that clearly presents your itemized charges. Our invoice design for our templates was done with freelancers and their individual needs in mind. You will find examples in the section below that include MS Word invoice templates and Excel invoice templates that are ready to use or can be quickly adapted for your business. Whether you need a freelance writer invoice template, a service invoice template for your software business, or a simple invoice template you can customize for your virtual assistant business, our templates use pleasing graphic design and include all the necessary sections required in a professional invoice. Use our templates to create a custom invoice just right for you using MS Word and Excel. You can then print your invoice to put it in the mail. Or if you send PDF invoices to clients, you can also save your custom invoice in PDF format so you can send it to your client by email as a PDF file.
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