1

I am one of two members of an LLC that owns property in Kentucky. Could one or both of the members be considered the owner of a particular property, or would the LLC represent the legal owner?

A little more background, a family member of my partner is renting one of the LLC's properties. This family member previously had HUD/Section 8 support, but that was terminated due to the familial relationship between tenant and owner.

Thanks.

Edit 1: I found this piece that seemed to support my position, but it might only apply to NY. https://www.lexology.com/library/detail.aspx?g=0bb3124e-0533-4894-a705-bf31c0f91b49

2

An LLC is a separate legal entity from its owners

However, many laws (HUD may be one) look through the corporate veil and define "related" entities. So, even though your co-owner may not be the legal owner, the fact that they have a stake in the owner may render HUD ineligible.

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