Michael E
New Contributor
Good Morning All
I currently have three entities (LLCs), licensed individually in my domicile state, Michigan: a real estate brokerage, property management and residential construction, all under another LLC.
My concern exists in the fact of our litigious society. While each of the four entities have separate EINs, Bank Accounts, and LLC documents, they all solely owned by me.
Hence, if I have an investor wants to sell a property I manage on their behalf, the real estate brokerage entity manages the sales process. Likewise when there is a renovation to be completed upon a property under management; the construction division assumes responsibility.
My business model is a “one stop shop” and has done well for the past years. Yet, I’m exposed and need mitigate risks.
What structure should offer a best protection as I expand.
Any and all thoughts Welcome
I currently have three entities (LLCs), licensed individually in my domicile state, Michigan: a real estate brokerage, property management and residential construction, all under another LLC.
My concern exists in the fact of our litigious society. While each of the four entities have separate EINs, Bank Accounts, and LLC documents, they all solely owned by me.
Hence, if I have an investor wants to sell a property I manage on their behalf, the real estate brokerage entity manages the sales process. Likewise when there is a renovation to be completed upon a property under management; the construction division assumes responsibility.
My business model is a “one stop shop” and has done well for the past years. Yet, I’m exposed and need mitigate risks.
What structure should offer a best protection as I expand.
Any and all thoughts Welcome
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
