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Updated over 7 years ago on . Most recent reply

Dennis Tynan's profile image
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Dennis Tynan
  • from Glendale Heights, IL
  • Member since Jan 27, 2018
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Dennis Tynan's profile image
Dennis Tynan's profile image
Dennis Tynan
  • from Glendale Heights, IL
  • Member since Jan 27, 2018
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Dennis Tynan
  • Glendale Heights, IL
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Starting Out

LLC Form Purposes for Flipping

Dennis Tynan
  • Glendale Heights, IL
Posted

Starting an llc in Illinois to get hard money loan and flip houses.  Is there any reason to not have the purposes on article of organization be both general contracting and property investing?  Name of the company would have the word "contracting" in the title.  The llc would own the property and I would be the general contractor and also perform general carpentry.   Do most hard money lenders prefer a contractor be involved?  Thanks. 

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