rental-property insurance
Want to rent mother-in-law suite to short-term, vacation renters, what type of business should I establish to protect me?
<p>I am trying to figure out <strong>what type of business</strong> <em>(not what type of insurance)</em> I should establish to protect us from people who might do stupid things while on our property. <em>For example</em>, if someone injures himself while misusing the instant hot water, how do we ensure we're protected against litigious, accident prone, stupid people? Is an LLC enough? Thank you for any help!!
I will not have ANY employees. It's just me and my husband and I will be the "inn-keeper". I realize I need to get insurance as well, but I'm trying to understand if an LLC is the best way to go for establishing ourselves as a business.</p>

<p>You generally wouldn't need a business entity to protect you: you would buy landlord's insurance so that if someone sued you the insurance company would step in and either settle or defend the claim on your behalf.</p>
