Limited Liability Company (LLC)

A limited liability company (LLC) is a legal entity that can own property and shields its members' personal assets from liabilities tied to that property. GoForth places each home in its own property-specific LLC, and each of the four owners holds an equal membership interest with voting rights. The LLC has its own bank account and books, which GoForth manages along with its annual filings. Its operating agreement covers scheduling, cost sharing, voting, how a non-paying owner is handled, and the exit guarantee. Commercial real estate has used the same structure for decades.