A Cheaper Way To Own A Vacation Home

An LLC (Limited Liability Company) offers owners many of the same protections as a regular corporation, including tax benefits and insulation from lawsuits, but its not usually associated with homes.

While the practice is common in France - where more than one owner shares costs - it is relatively new in the United States.

Source:
http://www.boston.com/business/articles/2010/06/14/limited_liability_company_another_way_to_own_a_vacation_home/?p1=Well_MostPop_Emailed3