Updated about 6 years ago on . Most recent reply
Is LLC necessary right now?
In the process of purchasing my first property. I have started obtaining 0% CC (service from Fund &Grow) as a Sole Prop. I have separate EIN as I establish business credit as a Sole Prop. So my question is should I continue setting up Sole Prop by filing DBA, setting up Dun Bradstreet number/acct, and opening a bank account under Sole Prop?
I realize the purpose of an LLC is mainly for asset protection. I am more concerned about establishing business credit at this point. I am purchasing this first property in my own name not an LLC.
For veterans, what did you do first Sole Prop or LLC? And why? When did you place your properties under an LLC?
Looking forward to hearing your feedback