Should You Get a LLC for Your Airbnb?? ⚖(how to protect your assets)
Summary
Richard Fertig discusses the importance of forming an LLC to protect your assets when running a short-term rental business. He stresses the importance of getting proper legal counsel before making any decisions and shares information from a podcast interview with Clint Coons, a lawyer. The video outlines three different STR scenarios and when an LLC is important.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
Curated by Learn STR by GoStudioM