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Clarence Oftsued is an lowa City landlord who owns 1 1 residential rental properties, leased as college apartments. As his name implies, he does not
Clarence Oftsued is an lowa City landlord who owns residential rental properties, leased as college apartments. As his name implies, he does not always take good care of the properties and often gets sued by tenants. Clarence is married to Mary Well, a very wealthy woman with millions of dollars in the bank. What would be the couple's best choice of entity to hold the rental properties?
A limited partnership with his wife
A professional corporation in his name
One or more LLCs in his name
A sole proprietorship in his name
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