We have a Sub Capter S to contol my Real Est ate Business. We also are handling 10 rental properties under persoonal. Has been suggested we set up a corp to cover the rental prop and other at risk. I am unclear if we need to set up a LLC for each rental and put the LLC's under the FLP or if we can just form a FLP and put out Sub. s, Corp C and LLC's directly under the FLP or just use the FLP overall?
