Can You Set Up an LLC and Claim It as a Business?

Aesl questioners: Could you set up an llc and claim it as a business? Buy a alevered residential real estate position and then just have the llc? Yeu, you're still goingtobe on the hook, personally. But than that defeats the whole purpose to have i guess. R that's why everyone would just buy their house and aall elseriht its is right. I looked, i didn't realize that rolex watches have continued to go up an value this year at an accelerated pace. You had equity markets fall off, yet things like a rollax still continue to appreciate dramatically.