Dunedin, FL · Member since 2017 · 33 posts · 5 votes
Im meeting with an attorney tomorrow for a consult about establishing an LLC for myself. Ive done some reading and have a list of questions but I would absolutely appreciate advice on what to ask this guy, as i'm paying for my time with him and want to get the most out of it.
Marlton, NJ · Member since 2017 · 129 posts · 16 votes
9y
@Chris T. LLC just for protection I presume, but asset protection and tax benefits can be gained by having the property under your name. Liability get umbrella.
Investor · Twin Cities, MN · Member since 2015 · 130 posts · 111 votes
9y
@Account Closed if you have a real purchase agreement for a deal then bring that to the meeting and you will have plenty to talk about. You learn as you go in this business. The attorney will teach you exactly what you need to Know throughout the process. Planning to buy flips throughout the year will be different legal/tax advice than buying rentals. If you are flipping it may make more sense to create an s-corp vs Llc so you could ask about that. Good luck!
Dunedin, FL · Member since 2017 · 33 posts · 5 votes
9y
@Chris T.@Michael P.@Charlie John so i met with the attorney about general questions concerning establishing myself as an LLC and 90% of the advice he had to offer I had already read in Garret Sutton's book "start your own corporation," which i heard about in a BP podcast. Strongly recommend for any investor, new or seasoned.