Wouldn’t your LLC then have to pay taxes on the rental income? What about the capital gains on the transfer (I think there are capital gains taxes on your houses in the USA, but am not sure)?

If a corporation owns a house, it would be subject to capital gains tax when and if the house was sold; you’d likely lose any prinicpal residence designation.

Who would own the shares of the corporation? If you, couldn’t the creditor just seize the shares?

In Canada, there are laws to protect creditors from this sort of thing, at least in the period leading up to bankruptcy. Also, if you owe taxes, there are other laws that protect the government, in the form of a non-arm’s length transfer assessment.

I think you are likely wise to consult an accountant and a lawyer to weigh the various complexities of this transaction.

Seems dubious to me, though I’m not an accountant or a lawyer. You might want to check with one or the other (or both)!

It seems like selling your house to the LLC would have the opposite effect of protecting your assets, unless you personally are *more* likely to be sued than your LLC.