Is LLC Ownership really timesharing in disguise?” Is a Mercedes Benz really a Hyundai in disguise?
The answer regarding these two automobiles is immediately obvious without further explanation. Although the level of luxury is markedly different, these two automobiles are very similar from the standpoint of function. Each will transport you from point to another. Likewise, there is a similarity between LLC Ownership and timesharing – the shared use of a furnished vacation home. However, this is where the similarity begins and ends. A major difference exists as to the level of luxury found in LLC Ownership. Additionally, there is a significantly higher degree of prestige and exclusivity. LLC Ownership typically involves 4 to 16 shareholders. Whereas timesharing typically involves 30 to 50 owners. “What is an LLC?” This is a legal entity which is created by registration with the Secretary of State in much the same way that a corporation is formed. “How does LLC Ownership differ from timesharing or fractional ownership, as to evidence of ownership?” Timesharing and fractional ownership
