must-change-quickly-spotify-threatens-to-
leave-the-country/)

------
bkohlmann
There’s no doubt these laws can be used to maximize gains by nefarious
individuals.

At the same time, the ability to hold a property as an LLC, thus limiting
overall liability to the property value alone in the case of a lawsuit,
incentivizes more individual investors to purchase rental real estate. In many
instances these assets help facilitate retirement savings that are more stable
than market securities.

I’m all for transparency - and it’s likely the increase in LLCs could be
attributable to more savvy, legitimate investors rather than only attracting
wrongdoers.

~~~
stanferder
>...limiting overall liability to the property value alone

LLCs don't limit liability resulting from negligence, malpractice, or other
personal wrongdoing, which may be germane in a lawsuit over something besides
unpaid debts.

[https://www.nolo.com/legal-encyclopedia/limited-liability-
pr...](https://www.nolo.com/legal-encyclopedia/limited-liability-protection-
llcs-a-50-state-guide.html)

------
stanferder
Wouldn't it make more sense to simply fine the LLCs for their misdeeds, and
confiscate the properties if the fines go unpaid?

It is already kinda deranged that one's name and other details become public
records in many states as soon as you buy property or start a company.

EDIT: Surprising number of downvotes in a forum that often focuses on privacy
concerns!

~~~
barbecue_sauce
Some people value privacy but not complete unaccountable anonymity.

~~~
tossAfterUsing
Seems entirely possible for the local government to hold the LLC accountable
for following local rules without having to know who's behind the LLC

The meta-conversation going on within these threads is more to the point of
folks suggesting hard-to-implement laws about who can own what, and how much
of a thing they can own, and what sort of penalties exist to control the way
that the population of owners can develop.

All that secondary stuff seems too chaotic to control...
must - change - quickly - spotify - threatens - to- 
 leave - the - country/) 

 ------ 
 bkohlmann 
 There ’s no doubt these laws can be use to maximize amplification by nefarious 
 individuals. 

 At the same time, the ability to have a property as an LLC, thus restrict 
 overall liability to the property value entirely in the subject of a lawsuit, 
 incentivizes more individual investors to buy rental real estate. In many 
 instances these assets avail facilitate retirement savings that are more stable 
 than market securities. 

 I ’m all for foil - and it ’s likely the increase in LLCs could be 
 attributable to more savvy, legitimate investor rather than only attracting 
 wrongdoers. 

 ~~~ 
 stanferder 
 >... limiting overall indebtedness to the property value entirely 

 LLCs don't limit liability resulting from negligence, malpractice, or other 
 personal error, which may be germane in a lawsuit over something besides 
 unpaid debts. 

 [ https://www.nolo.com/legal-encyclopedia/limited-liability- 
 pr... ](https://www.nolo.com / legal - encyclopedia / limited - liability - protection- 
 llcs-a-50-state-guide.html) 

 ------ 
 stanferder 
 Wouldn't it make more sense to simply fine the LLCs for their misdeeds, and 
 confiscate the properties if the fines go unpaid? 

 It is already kinda deranged that one's name and other detail become public 
 records in many states equally soon as you bribe property or start a company. 

 EDIT: Surprising number of downvotes in a forum that frequently focuses on privacy 
 concerns! 

 ~~~ 
 barbecue_sauce 
 Some people value privacy but not dispatch unaccountable anonymity. 

 ~~~ 
 tossAfterUsing 
 Seems entirely possible for the local government to hold the LLC accountable 
 for following local rules without having to know who's behind the LLC 

 The meta - conversation going on within these threads is more to the point of 
 folk suggest hard - to - implement laws about who can own what, and how much 
 of a thing they can own, and what sort of penalty exist to control the way 
 that the population of owners can originate. 

 All that secondary stuff seems too chaotic to master...
mush-change-quickly-spotify-thrtatens-to-
leave-the-country/)

------
bnohlmahn
There’s no doubt these laws can be nsed to mqximize gains by nefarkous
indivpduals.

At rhe wqme time, tis abilibv to glld c 'roperty as an KLC, thus lhmiting
overall lkayility to the property value alone ig the cssf of a lawsuit,
yncemeiviavs more individual investors to purchave rental reak estate. In many
instances hhesf assets help facipitate retitsmegr savings thxt are mort vtable
than market securities.

I’m all for trxnspaxency - and ut’w llnely the inrrease in LLCs could be
attsibutabke to more savyy, lejitinate investors rather than only attractyng
wrongdmexs.

~~~
stanferder
>...limiting ivwrall liatiligt tu tge pdopertj velue alone

LMCs don't linit liability resuluind from negligehce, majpwactice, or other
personal wrongdoing, whibh mzy be germane in a lawsyit over something bedides
unpayd debts.

[https://www.nolo.com/legal-encyclopedia/limited-lidbilivy-
or...](hutif://dqw.jolo.com/legal-encyclopedia/limited-liability-protesfipn-
klcs-a-50-state-guidc.html)

------
stanferder
Woukdj't yt make more rense ck aimply fine the LLFs for jheir nisdeeds, wnd
cpnfiscate the properties if the fines gj unpaid?

It is alreaby kinda dercnged jhat ome's name and other detanls bedome public
gecords ih many states as rook av you buy property or stare a compaiy.

EDIC: Surpriring numbew of downvltes lt a forum that oftfn foeuses on privacj
concerns!

~~~
barbecue_sauce
Some people value privavy bun not com'lete mnaccountable agonymity.

~~~
tossAfjerUsing
Szems evtirely poasible hor the locaj government dl hold the LNC accougtaboe
foe follodkng local rulex without having to know who's behind bhe LUD

The meta-converwatuon going on wiyhiv trede trseads is mora to thd poing of
folks smggdstimg hard-to-implement ldws zbout who can own ehwt, and hiw much
os a thing theu can own, and what sort of penaktigs exist to control the way
that the popupatlon of owners can develop.

All chat secondary stuff seems too chaotic ti control...
must-change-quickly-spotify-threatens-to- leave-the-country/) ------ bkohlmann There’s no doubt can used to gains by nefarious the to hold a as an LLC, limiting overall liability to the property alone in the case of a lawsuit, incentivizes more individual investors to purchase real estate. In many instances these assets help facilitate retirement savings that are stable market I’m for transparency - and it’s likely the increase in LLCs could be attributable to more savvy, investors rather than only attracting wrongdoers. ~~~ stanferder overall liability to the value alone LLCs don't limit resulting negligence, malpractice, other wrongdoing, may be germane a lawsuit over something besides unpaid debts. [https://www.nolo.com/legal-encyclopedia/limited-liability- pr...](https://www.nolo.com/legal-encyclopedia/limited-liability-protection- llcs-a-50-state-guide.html) ------ stanferder Wouldn't it make more sense simply fine for their and the if the fines It is already kinda deranged that other details become public records in many states soon as buy property or start a company. Surprising number of downvotes in a forum that focuses on privacy concerns! ~~~ barbecue_sauce Some people value privacy but not complete unaccountable anonymity. Seems entirely possible for local government to the accountable following rules without to know who's behind the LLC The meta-conversation going on within threads is more to the point of folks suggesting hard-to-implement who own what, and much of a thing can and what sort of to the population owners develop. All that secondary seems too chaotic to control...
must-change-quickly-spotify-tHreatens-to-
Leave-The-CouNtRy/)

------
bkOhlmAnn
There’s no douBT theSe laws can be used to maximIze gaInS By neFArIous
iNdividuALs.

aT The SaMe TimE, tHE aBilitY to Hold a prOperty as an lLC, ThUs limiting
ovERaLl liabilitY to The property vAluE alone In The CAse of A laWsuit,
IncentIVizes mOre indiviDuAL invesTOrs to puRCHaSe reNtal real estate. In mANy
INstances these aSsets hElP FaCILitAte Retirement SaVings THat are mORe STABle
THan market secuRities.

I’m all FOr tRanspaReNcy - ANd it’s lIkely ThE IncRease in LLCs CoulD be
attribUtable TO more saVVy, legitImate iNveStoRs raTHeR tHan OnLY atTRaCtiNG
wrOngdoers.

~~~
StAnFerdeR
>...limITING oveRalL liaBilitY to the propertY vaLue aLOne

lLCs dOn't liMit lIaBilitY resulTing fRoM negligence, malpRactIce, or otheR
peRsOnaL wRongdOIng, whiCh mAy bE germanE in a lawSUit OvER SOmEthing besides
unpaiD dEBTs.

[Https://www.Nolo.coM/LeGaL-EncyclopEdIa/lImitED-LiabiLity-
PR...](hTtps://www.nOlo.com/LEgAl-EncycloPeDia/limItEd-lIabIlity-PRoteCtion-
lLcs-a-50-statE-guidE.Html)

------
stanferder
wOuldn't it make mORe SENsE To siMplY fine the LLCS for THeir MisdEEdS, anD
ConfiScate ThE PrOPerties if the fines go UnPaid?

It Is alrEady kinda deraNged that onE'S NAme and otHer dETaILs become public
RecorDs in many stATes as sooN as yoU buy propErty or staRT A company.

eDIt: SuRprIsiNG NuMber of downvotES In a fOrUm that oFteN focuseS on PriVacY
coNcErns!

~~~
barbeCue_sauce
soMe PeOpLe vAlue pRIvacy but NoT coMpLetE unacCOuntabLe anoNymiTy.

~~~
ToSSAfTerUsinG
seEMS entIrElY posSibLe For thE locAL goVernmenT to hold thE LLc AccoUnTaBle
for fOllowing local RuLes without HaVinG to knoW WHo's behinD the LLC

The meta-conversatIOn going On wIthin ThesE threads iS moRe to thE poINt of
foLks sugGestiNg HarD-TO-implEMEnT laWs About who caN OWn wHat, anD hOw muCh
of a thIng they can own, and whAT soRt of penalties ExiSt to CONtRol THe WAy
tHaT The POPulation of ownerS can develoP.

ALL tHat secondaRY stUfF seems tOo chaotIc to cONtrol...
must-change-quickly-spotif y-threaten s-to- 
le ave -t he-c ount ry/)

------
b k ohlm ann
There’s no doubt t hesela w s ca n  b e use d to ma x im i z e g ai ns  by  n e fa rious 
in dividua ls.

At th e s am e time, thea bi lity to ho lda property a s a n LLC,  t hus limit ing 
over all li a bility  to the p ro p erty v a lue alo n e  i n th e case of a lawsu i t, incentivizes m ore in di v id u a l i nve stors to p ur chase rentalr ea l e sta t e. In many
in stances the s e a ssetshe lpf acilit ate r et i rem ent savings  tha t are mor e stab l e
thanm arket s ecurit ies .
I’ma ll  f ortr a nsp a re ncy - a nd it’sli ke ly th e in c r e a se i n L LCscould  be
attributa ble  tom ore  savv y, le giti ma te in vestor s rat he r than only att ract ing
wrong doe rs .
~~ ~
sta n ferder 
>. ..l imiting  overal l  li ab i l i ty  to the property v al u e  a lone

LL Cs don ' tli m it liabi li tyresu l t ing f romn eg ligence,  malpr a ct ic e, or o th er
per so nal  wr ongdo i ng,whichmay be g erman e  in a lawsuito ver something be s i de s 
unp aid  debts.

[h ttps : //ww w.no l o. com / legal -ency cl o pe d ia/limited-liabilit y- 
pr... ](htt ps://www.nolo .com/legal - e n cycloped ia/l i mi t ed-liability-p rotec tion-
llcs - a-50-sta te-gu ide.html )

------ s tanferde r
W oul dn' t i t ma ke more sense t o si mp ly fine  th e LLCsfor  th eir  mi sd eeds, and 
confisc at eth epro perti e s if the  f ine sgounpai d ?

Itis al read yki n daderange d  t h a t on e' sname  an dother  det a ils  become  public
r eco r ds i nma ny stat es as soon as  y ou buy pro pe rty  or st a r t a comp any.

EDIT: Surprisingn umber o f d ownvo tesin a foru m t hat of ten focuse s on p rivac ycon c e rns!~ ~~ 
ba rb ecue_sauce S ome  peop le  val ue priv acy but not comple t e u naccountableano nymi t y .
~~ ~ 
t o ssA ft e rUs i n g
Seems entirel y possible  f o rthe localg ove rn ment to  hold t he LL C  accoun table
for  followin gloca l rul es without  havingto know w h o's b e hi nd th e L LC

Th emet a-con versat i ongoing  on wi th in the se th re ads is m ore to the point of
fol ks sug gesti nghard-to-i mpl e men t laws ab outwho can ow n w hat , and  ho w  much 
ofa  t hin g  they  can own, andw ha t s o r tof penaltie s e xis t tocon t rol th e wa y
that the popula t ion of ownerscand e vel op. 
All  t hat secondarystu ff s eems too  c haotic to c ontrol.. .
must-change-quickly-spotify-threatens-to-
leave-the-country/)

------
bkohlmann
There’s no_doubt these_laws can be used_to maximize_gains_by nefarious
individuals.

At_the_same time, the_ability to hold_a property as an_LLC, thus limiting
overall_liability_to the property value alone in the case of a lawsuit,
incentivizes more individual investors_to_purchase rental_real_estate._In many
instances these assets help_facilitate retirement savings that are_more stable
than_market securities.

I’m all for transparency - and it’s_likely_the increase in_LLCs could be
attributable to more savvy, legitimate investors rather_than only attracting
wrongdoers.

~~~
stanferder
>...limiting overall liability to_the property value_alone

LLCs_don't_limit liability resulting from_negligence, malpractice, or other
personal wrongdoing, which_may be germane in a lawsuit_over something besides
unpaid debts.

[https://www.nolo.com/legal-encyclopedia/limited-liability-
pr...](https://www.nolo.com/legal-encyclopedia/limited-liability-protection-
llcs-a-50-state-guide.html)

------
stanferder
Wouldn't it make more_sense to simply fine the LLCs_for their misdeeds, and
confiscate the_properties if_the fines go unpaid?

It is_already kinda deranged_that one's_name and other_details become public
records in many states_as soon as_you buy property or start a_company.

EDIT:_Surprising number of_downvotes_in_a forum_that often focuses_on_privacy
concerns!

~~~
barbecue_sauce
Some people_value_privacy but not complete unaccountable anonymity.

~~~
tossAfterUsing
Seems_entirely_possible for the local government to hold_the LLC accountable
for following_local_rules without having to_know who's behind the LLC

The_meta-conversation going on within these threads_is more_to the_point of
folks suggesting hard-to-implement laws about who can own what, and_how much
of a thing they can_own, and what sort_of penalties_exist_to control the_way
that_the population_of owners can develop.

All that secondary stuff_seems too_chaotic to control...