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Updated about 12 years ago on . Most recent reply

Michael Sokolski's profile image
Michael Sokolski's profile image
Michael Sokolski
  • Homeowner
  • from Stony Brook, New York
  • Member since Jan 9, 2008

User Stats

69
Posts
5
Votes
Michael Sokolski's profile image
Michael Sokolski's profile image
Michael Sokolski
  • Homeowner
  • from Stony Brook, New York
  • Member since Jan 9, 2008
Michael Sokolski
  • Homeowner
  • Stony Brook, NY
5
Votes |
69
Posts
Starting Out

Business Entity Structuring

Michael Sokolski
  • Homeowner
  • Stony Brook, NY
Posted

As a business owner, I'm well aware of the importance of protecting personal assets by creating a business entity. Can I use my exiting LLC for Real Estate investing even though it was created with an entirely different business purpose? I currently own an IT consulting company which is a registered LLC in New York. As an aspiring Real Estate investor, I was wondering if I could use my company for any Real Estate deals rather than starting a new company altogether.

I know you shouldn't offer or accept legal advise here but was wondering if anyone had experience with this scenario.

Thanks.

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