When to establish an LLC or Scorp

[Ross V.]

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 

[Shawn Ackerman]

@Ross V. I'd suggest opening the LLC(asset protection) once you acquire an asset not before.