1 corporation for many things?

Everyone has a different idea of how much is okay to keep in a single Corporation or LLC. I have heard so many different ideas. The following are some that I have heard:
1. I have Corporate protection it's okay to keep everything in a single company
2. If the equity or value gets up to $500,000 I need a new company
3. 2 properties in 1 Corporation or LLC
4. Keep everything separate

Their are many more and I am sure if you have been studying or practicing asset protection for very long you will have heard many more. Their is no right or wrong reason...it all depends upon what you feel secure and safe and can afford. If you feel okay with 4 properties in 1 Corporation or LLC then that is up to you. My general rule of thumb is to never keep more then what I what I can afford or am willing to lose.

Today 1 out 3 people will be sued. That is a scary fact. Is the additional $125.00 State filing fee and the Resident Agent fee (ours is $80.00) per year worth each of your assets separate? You hope that you wont be sued but the more you accumulate the more people start looking at you like a target.

If you think that you might need to separate things out and ensure they are protected more please give us a call for a free consultation. 775-577-4822