Recent years have seen a flurry of activity in New York real estate from Manhattan to Brooklyn, a market that is one of the nation’s most active for new construction and surging prices. The trend has lately extended to Queens because the area has experienced a large population influx and host of new developments in Astoria and Long Island City.
Due to the pace of development in these markets, real estate investors must carefully consider how to structure and protect their ventures. Though relatively young, the limited liability company has become the preferred legal structure for real estate investment, offering members asset protection, personal liability protection, choice of taxation options and flexible management.
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