LLC ownership

Micaela134
Level 1
Annapolis, MD

LLC ownership

My family is moving soon to a large house with a walkout basement with separate entrance.  We will live on the main floor and airbnb the basement.  I’ve seen a lot of recommendations to create an LLC to own your airbnb - is this still a good idea if your airbnb is the same property as your main residence?  We plan to own the property in our personal names - would that create any legal/financial problems if the airbnb is owned by an LLC, not us personally?

1 Reply 1
Lorna170
Level 10
Swannanoa, NC

@Micaela134  You need the advice of an attorney.