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Goals, Business Plans & Entities
HomeForumsGoals, Business Plans & EntitiesWhen to form an LLC?
Julie Verardi's profile image
Julie Verardi's profile image
Julie Verardi
  • Buy & hold real estate investor. Designer & animator.
  • from Jersey City, NJ
  • Member since Jun 22, 2015
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Julie Verardi's profile image
Julie Verardi's profile image
Julie Verardi
  • Buy & hold real estate investor. Designer & animator.
  • from Jersey City, NJ
  • Member since Jun 22, 2015
Connect
Julie Verardi
  • Buy & hold real estate investor. Designer & animator.
  • Jersey City, NJ
12
Votes |
81
Posts
Goals, Business Plans & Entities

When to form an LLC?

Julie Verardi
  • Buy & hold real estate investor. Designer & animator.
  • Jersey City, NJ
Posted Jan 17 2017, 11:13

Hi, I currently have two properties in Jersey City that I rent out and am working on getting my third. 

When would be a good time to start an LLC and switch the other two properties over? I currently have umbrella insurance but it seems like an LLC would give me better protection. What does it involve to switch it over? Any pros and cons from someone who has done it or thinking about doing it?

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