A Limited Liability Company (LLC) can be a good arrangement for keeping a cottage in the family

Do you have a family cottage that you want to keep in the family? If so, consider the befits of using an LLC. With the LLC you can restrict transfers to family only, (i.e. not to ex-spouses of children, etc.) and provide a process for managing the cottage (i.e. who gets to use it on 4th of July weekend, how will costs of repairs be handled, etc.).(/p>

To learn more, watch our video “Protecting the Family Cottage