FAQ Forum Question: Do I Need an LLC?

[Mindy Jensen]

Hello BiggerPocketeers!

In an effort to clean up the forums, we're creating an FAQ Forum, where the most-asked questions will be prominently featured, along with some really great answers.

I need your help!

Please take a moment to give me your very best answer to the question: Do I Need an LLC? Any variation of the question can be answered, such as

"Do I need an LLC before I start investing?"

"What protections does an LLC offer me?"

"Should I put my properties into an LLC?"

Once I have some really great answers to this question, I will create a new thread in the new FAQ forum, and through the magic of computers, make it appear as though these amazing answers all came in order. So please give me your best answers!

Thank you!