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Starting Out
HomeForumsStarting OutWhen to establish an LLC or Scorp
Ross V.'s profile image
Ross V.'s profile image
Ross V.
  • from Scottsdale , Arizona
  • Member since Feb 15, 2015
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Ross V.'s profile image
Ross V.'s profile image
Ross V.
  • from Scottsdale , Arizona
  • Member since Feb 15, 2015
Connect
Ross V.
  • Scottsdale , Arizona
18
Votes |
52
Posts
Starting Out

When to establish an LLC or Scorp

Ross V.
  • Scottsdale , Arizona
Posted Oct 23 2016, 10:17

Hi All, 

Going to be starting with some Whole Sale deals here in the coming weeks. After completing some deals, and maybe 8-12 months down the road, I'll be getting into Fix & Flip. The goal is to then Buy and Hold. 

Question, when would be the best time to set up an LLC or Scorp? Right now? Or after I find my first whole sale deal and utilize the "and or assigns" to then go set up my company? Or is it better to wait until I'm fixing and flipping?

Anyone have some great recommendations for asset protection/investor lawyers/financial advisor in the Phoenix area? There are tons on them.. but looking for a recommendation. 

Thanks! 

Ross 

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