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A Startup Is Turning Houses into Corporations, And Neighbors Are Fighting Back



Neighbors in Sonoma Valley have noticed a real estate startup is turning houses in their community into limited liability corporations. (Shutterstock)
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Neighbors in Sonoma are fighting back after learning that a new venture capital-backed startup called Pacaso was buying houses in the area and converting them into LLCs. Pacaso then sells shares of these corporate houses to multiple investors.

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