Under what legal entity should you purchase a property? With the name of a registered company or personally?

Your future taxes and responsibilities may be affected depending on whether you purchase your new property as a company or buy it personally. An accountant or lawyer can help you select the best option. It's common to see the corporate structure of a Limited Liability Company (LLC) being used the most, at least in the United States, because:

1. It protects the owner from potential property-related lawsuits.
2. It allows for the deduction of expenses generated by the property.
3. It enables owners to avoid double taxation.

Now, is it appropriate to open an LLC for each property?

If multiple properties are purchased under a single LLC, one property's issues could expose the others. While creating an LLC is not particularly difficult, it's preferable for qualified personnel to handle it as it's not an activity authorized for real estate agents to perform.

Gaspar Michel

Gaspar Michel is a real estate agent in Tulum. I have lived in the Riviera Maya for 3 years and I can help you navigate the pros and cons of each city. I can help you if you are looking to buy a new home for yourself/family, a vacation rental, and/or both. I can help you find your dream home even if you are not a Mexican citizen.