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April 18, 2009
Limited Liability Corp (LLC)
If a mixed use building is partly owned by a LLC, can someone from the LLC live in the building? I read somewhere that they can't, please shed some light.
Comments
I don't see why not.
You said "partly owned by an LLC", do you mean an LLC and a separate individual are listed as owners of the property?
The LLC is part owner, as a corporation, I don't see it being a problem for a shareholder in that LLC to be a resident in the property.
Posted by: christopher at April 19, 2009 12:08 PM
Thanks alot
Posted by: dragontales at April 20, 2009 12:36 PM

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