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| With an LLC, you can raise money from "investors". Get enough assets under the LLC's name and banks would be able to lend against those assets alone.
For instance,Wells Fargo loaned Stamp Farms LLC $68 million using only its assets as collateral. Except it turns out that most of their "investors" were simply other LLCs that Stamp controlled. He's probably facing criminal charges for doing that, BUT if you could find actual outside "investors" for your LLC you are free to lose all their money PLUS all the money you borrowed against their money and then you can still keep your house in town, your yacht, and lake house when it all comes crashing down. | |
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RENTS/ND
