b'building professionals. This entity leases the facility to the Operator LLC. TheOperatorLLCobtainsrequiredpermitsandlicenses,hiresstaff, provides assisted living services, and collects rent from residents. It pays the lease payments to the title holding entity. The Investor LLC (syndicate) typically owns both the Land LLC and the Operator LLC, participating in profits from both, or may only participate in the lease payments from the Land LLC.This structure requires an investment entity, as well as a title holding entity, and an operations entity, as shown in the organization chart below:General Guidelines For Legal Entities Theover-archingobjectiveofeveryoneofthecorporatestructures described above is to isolate liabilities for certain activities within a specific limited liability company.174'