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514 - One Is the Loneliest Number: Owning a Sole Proprietorship With Your Spouse by Scott Smith

BiggerPockets Daily

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How to Grow Your Real Estate Portfolio

If you're looking for the sweet, sweet asset protection that sole proprietorships and partnerships fail to offer, an llc may be your best option. Expect to jump through a few more hoops and pony up more cash to start an llc. An llc acts as a 100 % separate legal entity from you and your spouse. This means that your business creditors can't go after your personal assets to cover business debts.

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