Post: Has anyone any experience with the fact Florida does make it easy to have a limited liability company. If I am reading right and interpreting the rules, with minimum cost the uninsured and self insured can separate personal worth from boat or property liability problems by setting up a llc specifically for the ownership of vessels or property. Similar to Delaware corporation or Bahama registration. The down side to doing it to your home, would mean forgoing the homestead exemption and the cap on property tax rates, but shouldn't affect boat or investment properties. REPLY: Light Heart is owned by a Florida LLC. Its a two-member corporation treated as a Disregarded Entity and requires no tax return as it is not a for-profit corporation. Costs $50.00 to form by going on the Florida state website. Youll want to exercise normal corporate operating procedures (record corporate resolutions and meetings, maintain a separate checking account, etc.), but that takes little effort and little or no expense. Note: I am neither an attorney nor accountant; seek your own council before taking any action. Jeff Wright Treasure Island FL Light Heart, Sabreline 34-25