Entity Question

[Ruben Galindo]

I've listened to the BP podcast featuring Amanda Han and I'm currently reading her book too. My understanding is that setting up an LLC is really not necessary in the beginning if your net worth is not much. My question is, should I set up a DBA instead? My goal is to start establishing my company. And where do I get this done in San Antonio, TX? Bexar county courthouse?

[Rick Pozos]

Do the first deal or two in your name. See if it is something that you can do and make money at first. After you have done a few deals in your name, then start moving towards making this a business. It costs money, time and lots of effort to set up everything. If you decide it is not for you, then you have to wind everything down also.

Do a couple of deals first.