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When it comes to your vacation rental property, insurance can be one source of protection — but there’s an additional way that could lower your risk. Enter: LLCs. Vacation rental property owners are strongly advised to form a Limited Liability Company (LLC) for their business. LLCs can offer protection for your personal assets, tax benefits (for some), and peace of mind.
While short-term rentals may be an easy way to earn extra income, operating them is still a business. And as a business owner, you may want an extra layer of legal protection in place once you start dealing with customers — or in this case, guests.
To help you form your LLC without having to wade through all the legalese, we’ve partnered with ZenBusiness created a guide to LLC Formation for Property Owners. Get the answers to common questions like:
- What is an LLC and how does it benefit vacation rental owners?
- What are the pros and cons of forming an LLC?
- How do you maintain an LLC?
ZenBusiness will show you how to simplify the LLC formation process, so you can get the coverage you need quickly and easily.