I bought a house through my aunt because she had better credit than I and so legally, it is in her name despite her not even living in it. This house has a studio on the back that I want to rent but I dont want the tenants to be able to sue either my aunt or myself and then end up owning the house.
SO i need limited liability right? well, i formed an LLC and now it's its own entity but i don't know what to do!!
i mean, since the house is in her name, i know i need her to sign some document saying it's ok for the LLC to rent out the studio. 1) what is this document called?
2)does the LLC need a license? (it is registerd, but do i also need a license in the state of Oregon? if so, what type of license?
3)once my aunt signs the studio over to the LLC, it can then rent/lease it to whoever i want right?
4)by doing this, is my aunt still liable?
~thnx!!



