[Shop-talk] Renting garage space
Jim Franklin
jamesf at groupwbench.org
Thu May 9 10:55:28 MDT 2013
On 5/9/2013 7:22 AM, PJ McGarvey wrote:
> So to explore way how I might be able to recoup the price of said house - alot
> of which I think I think are b/c of this garage - I'm wondering how I can go
> about maybe renting space whether it be just storage or possibly also work
> space.
In today's litigious society, the only way I would do this is to form an
LLC or S-corp and have that entity run the rental business, and possibly
own/lease the property. I would for sure consult with an attorney
beforehand. If someone gets hurt on your property, you can lose it just
in lawyer fees alone from a lawsuit.
jim
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