Generally speaking if you are a real estate investor and own multiple pieces of real property, each property should be held in its own LLC. In the event there is an issue creating liability with one piece of property, only the assets of the LLC which holds the property will be at risk - i.e. the property itself. Placing multiple properties into a single LLC or comingling other assets within the same LLC where the property is held opens the door for attachment of unrelated and/or personal assets to satisfy the liability. Other considerations may be present depending on the circumstances, but as a general rule the benefits of placing each property in its own LLC far exceed the hazards. When forming an LLC or other type of company, always consult with your tax advisor to ensure that you are minimizing your tax risks. Please contact our office should you need assistance with real estate investing, formation of LLCs, or recommendations for tax professionals.