Starting a Business

[Andrew Conway]

Team,

Brand new to the REI (first post on forum https://www.biggerpockets.com/forums/55/topics/302...) was over the weekend.

I'm currently deployed but when I return, my plan is to attend a few REIA meetings. Roughly, I'd like to follow Brandon Turner's 7 years plan to create cash flow off of multi-family rentals.

My question is: at what point did you or would you formally start your business? I know there are protections and such afforded to LLC's and assume there are tax benefits as well. I'm not business-savvy enough to know.

Any feedback is appreciated!