If you have invested in real estate in the state of Florida in the past, you will likely have a good understanding of the hard work and element of risk that is involved in the activity. Many property developers fall into the real estate industry by following their passion and only further down the line do they decide to formalize it in a business structure.
Property developers have many reasons for creating companies to house their property investments, and it is common for them to choose to start limited liability companies (LLCs) in doing so. Many use a new LLC for every deal that they make. If you are considering starting LLCs for your property developments, it is important that you understand the pros and cons before making the commitment.