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Many people advise real estate investors to place their property in LLC's and
corporations. While this does afford some additional protection
for some investors, it does not provide much more protection
than a land trust alone provides. In fact in some cases it
makes it worse since LLC's are public information. Also there
are considerable costs involved with LLC's. The set up costs
for an LLC are roughly the same as a land trust, but there
are annual filing obligations, taxes (minimum $800 per year
in California) and accounting costs associated with LLC’s and
Corporations.
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