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Updated over 11 years ago on . Most recent reply

User Stats

143
Posts
37
Votes
Kevin Coleman
  • Investor
  • Chicago, IL
37
Votes |
143
Posts

Business Entity

Kevin Coleman
  • Investor
  • Chicago, IL
Posted

BP,

I have a question about establishing business entities. The previous post I've read have placed little importance on setting up a business entity(LLC or Inc) when first starting out. However, this goes against everything I learned in Bschool(for which I spent way to much money).

Currently I have one rental property which is a result of career move.   I plan to use my personal credit to purchase as many multi-unit properties as possible.  Will setting up a business entity deter a formal bank from lending to me?  

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