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Goals, Business Plans & Entities
Account Closed
  • Castleton On Hudson, NY
2
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LLC or sole proprietor?

Account Closed
  • Castleton On Hudson, NY
Posted Dec 10 2017, 15:09

Well... I have been talking about if for years. I think for many, a may have sounded more like a talker and not a do-er. I'll be closing on my first 2 unit in a week or so. I just went ahead with the formation of an LLC. I'm doing a cash deal and am wondering if I should form as an LLC or sole? I wan't to do it soon as I want to purchase the property with the business name. I read somewhere that you're supposed to strictly keep personal and business funds separate. Do I just purchase the property with personal money and put it the business name, or transfer the property over after.

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