Property Ownership
In Washington, property ownership in the name of a limited liability company (LLC) provides owners with:
APersonal tax advantages over owning in their own name
BLimited liability protection separating personal assets from property-related claims✓ Correct
CExemption from property taxes
DNo advantage compared to personal ownership
Explanation
Holding property in an LLC provides personal liability protection — claims against the property generally cannot reach the LLC members' personal assets. It also provides flexibility in ownership structure and estate planning for investment properties.
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