Am I personally responsible for a house I rented out if I place it in an LLC upon hearing of an accident?

The tenant called and said she tripped from the top of steps due to a crooked flooring I was unaware of its size and I cannot see how she was able to fall from the minor rise in the flooring. She said he had to go to the hospital with a follow up appointment. No suit yet, but tenant has a history of suing pass landlord. The house is not in a LLC and I was wondering if it is too late to do so in case of a suit.

Asked on January 18, 2018 under Personal Injury, Maryland

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

An LLC only protects you from liability (such as from slips-and-falls) occuring *after* the formation of the LLC; the liability protection is not retroactive. So forming an LLC now will not help vs. this incident, but is a very good idea for the future.


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