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Updated almost 17 years ago on . Most recent reply

Corey Young's profile image
Corey Young's profile image
Corey Young
  • Rehabber
  • from Austin, Texas
  • Member since Aug 14, 2008
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23
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1
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Corey Young's profile image
Corey Young's profile image
Corey Young
  • Rehabber
  • from Austin, Texas
  • Member since Aug 14, 2008
Connect
Corey Young
  • Rehabber
  • Austin, TX
1
Votes |
23
Posts
Goals, Business Plans & Entities

LLC v. Soul Proprietorship

Corey Young
  • Rehabber
  • Austin, TX
Posted

I spoke to my CPA today who said that an LLC is more hassle than it's worth if I don't intend on having any business partners. He explained that if the real estate documents are appropriately drafted on the front and back ends of the flip, this will help protect me. But more importantly, as long as the liability limits on my Home Owner policy are high enough, there isn't a value to an LLC.

Agree or Disagree?

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