Property Ownership
When a Louisiana property owner places immovable property in an LLC, the LLC:
ACannot own real estate under Louisiana law
BHolds fee simple title to the immovable property as the legal entity owner✓ Correct
CHolds the property in trust for the individual members
DMust obtain LREC approval before taking title
Explanation
A Louisiana LLC can own immovable property as a legal entity. The LLC holds fee simple title, providing liability protection to the individual members — a common estate planning and investment strategy.
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