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Updated over 9 years ago on . Most recent reply presented by

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174
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Cameron Price
  • Real Estate Broker
  • Hartsville, SC
69
Votes |
174
Posts

South Carolina Single Member LLC strength?

Cameron Price
  • Real Estate Broker
  • Hartsville, SC
Posted

I've been researching legal entities, and have come across a lot of information about single member LLC's. In some states, they seem to be pretty much useless, and in others, quite strong for assett protection. What is the strength of a single member LLC in South Carolina?

I just finished forming a single member LLC for my Landscaping business. Now I'm trying to figure out how many more I need. I plan to flip houses, and buy houses for rentals. I currently own 1 rental in my personal name. I'm considering creating a LLC (taxed as an S-Corp) for my flipping opperations, and a separate LLC for each rental property I purchase. Is this overkill, or a wise move? LLC filing cost $110 here.

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