Guidance on Successful Biz Setup & Organizational Strategies

[Jena Blaszko]

Hi everyone, 

I am interested in hearing from some veterans on how they set up their companies and any organizational tactics that have been successful for you so far. I joined my family's building company, we build a handful of luxury homes a year in northern NJ & the Jersey shore and we are looking to expand. My family has been in the business for nearly 40 years but I feel as if some of the strategies and organization in how we set everything up is a bit antiquated. Our accountant/lawyer suggest we start a new LLC for every property we build. It gets a lot with applications to the state for new builders licenses for each LLC, homeowners warranty setup, insurance, etc. This may be the best way but wondering if any of you have a simpler model of how you set up all of your new construction projects. We have a corporation that is the main "name" of the building business but wondering how others manage this? Also, how do you keep track of all of the expenses paid out to subcontractors/invoices you receive? How do you scan all the bills/invoices to keep in a central location? Do you use a software? Where do you keep all of your subs insurances on file? Any information is helpful!

Thanks so much for your time! 

Jena