If you’re the owner of a limited liability company (LLC) and you’re looking to purchase a home, you might be wondering if the purchase can be made under your company. Technically, you have the option to buy property under your LLC or under your legal name. There are two reasons why LLC owners might opt to buy a home under their company rather than their own name, however. When the LLC is listed as the owner, this affords an extra level of privacy. Additionally, if you’re ever faced with a lawsuit due to an accident on the property, you’ll receive extra protection if your LLC is listed as the owner. Contact us to learn more about purchasing property as an LLC or business owner.
A real estate inspection or home inspection is not an appraisal or a check for compliance with building codes; it’s also not an evaluation of environmental hazards. See the NYS Standards of Practice for more information on the limitations of a home inspection.
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