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Updated over 9 years ago on . Most recent reply

Josip Galic's profile image
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Josip Galic
  • Investor
  • from Grand Rapids, Michigan
  • Member since Dec 28, 2014
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Josip Galic's profile image
Josip Galic's profile image
Josip Galic
  • Investor
  • from Grand Rapids, Michigan
  • Member since Dec 28, 2014
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Josip Galic
  • Investor
  • Grand Rapids, MI
3
Votes |
18
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Goals, Business Plans & Entities

thinking about opening up a LLC

Josip Galic
  • Investor
  • Grand Rapids, MI
Posted

I am about to close on my second income property in about a week or so. the first IP that i have is under my name; when is the right time to open an LLC and have all properties under it??

What advantages are there to having an LLC and also keeping the properties under my name?

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Rafael Norat's profile image
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Rafael Norat
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  • from Lodi, NJ
  • Member since May 2, 2013
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Rafael Norat
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  • from Lodi, NJ
  • Member since May 2, 2013
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Rafael Norat
  • Investor
  • Lodi, NJ
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Rafael Norat
  • Investor
  • Lodi, NJ
Replied

Hey Josip,

I would also consult with your CPA on this, as I'm sure he has a preferred entity strategy and would make things easier to handle if you are on the same page.

Rafael

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