Forming an LLC for Real Estate Wholesaling

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Hey everyone!

I hope you're all doing well and staying safe. I'm currently in the early stages of setting up a real estate wholesaling business, and I've been thinking about the best way to structure it for both legal and tax purposes. After doing some research and consulting with a few professionals, I've decided that forming an LLC might be the best route for me.

However, I'm not entirely sure about the process, the costs, the timeline, the benefits and potential drawbacks. I understand that the process might differ based on the state, but I'm hoping to gain a general understanding of what to

I'm particularly interested in any insights about potential pitfalls or challenges I might face during this process. If anyone has personal experiences they'd be willing to share, I'd find that very useful.

Thanks in advance, and I'm looking forward to your responses!