Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

18
Posts
4
Votes
Brian Kennedy
  • Homeowner
  • Westminster, MD
4
Votes |
18
Posts

LLC or Sole Proprietor for Rookie

Brian Kennedy
  • Homeowner
  • Westminster, MD
Posted

I have a chance to purchase a 12 unit apartment building in another state. It would be my first investment in real estate outside of a residence and I do not have an LLC set up.

Should I set up an LLC or would a sole proprietorship with liability insurance be the best course of action?

Most Popular Reply

User Stats

70
Posts
26
Votes
Loren Davy
  • Investor
  • Kerrville Tx
26
Votes |
70
Posts
Loren Davy
  • Investor
  • Kerrville Tx
Replied

Listen to Podcast 109. Scott Smith is an attorney that address your question very well. Good luck.

Loading replies...