Whether a trust or an LLC is a better choice may depend on the type of asset, but you do not necessarily have to choose between the two.

Having an operating agreement can provide your business with many benefits and can help you avoid significant problems.

Pay now, or pay later. This is so true when forming a limited liability company (LLC) to run your business.

The ideal form of ownership varies depending on the type of real estate you own. Therefore, it is important to have the right advisors.

But before you list your second home for rent, there are a few things you should consider.