Updated over 8 years ago on . Most recent reply
What is an LLC and is it needed
Can some one explain to me what an LLC is? And is it needed?
Most Popular Reply
Its a limited liability corporation. Its not needed to get started and you shouldn't let it hinder you from starting. Once you have a few properties, its worth consulting with your attorney and tax advisor to see if its worth establishing one. I didn't have one initially but now I am moving everything into my LLC. It has some benefits to protect your personal assets. I would listen to some of the podcasts that have more in depth discussion or do some searches on here. This topic has been discussed in pretty great detail.