In Part 2 of the Land Trusts & Lending Series, attorney Joe Seagle discusses the general advice given by attorneys about whether to hold your land trust's beneficial interest in an LLC or in your individual name when securing bank loans. Spoiler: it’s not a one-size-fits-all decision!
Be cautious about taking general legal advice. Florida has specific land trust laws, and there are times when using an LLC just doesn’t make sense. Remember: There's no “always” in law! Understanding the nuances can save you from costly mistakes.
Tune in to get the Florida-focused insights that matter.
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Have a question you want answered on our next Ask Joe episode? Leave a comment below!
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