Should I wait to create an LLC if

[Jacob Horan]

Hello bigger pockets members, I have a quick question. I am wrapping a deal up on my first multiplex , it is a five plex that I will be converting to a four . My question is I am a little behind on creating my llc , my wife got into a fender bender with a motorcyclist and does not feel that she is guilty. This has created a timely lawsuit, meanwhile I have been on my Realestate journey buying property in my our names . The more property's I buy the more I know I need a correctly structured business entity. We had auto insurance and the asking amount from the plaintive is less then our coverage is ,therefore there should be nothing out-of-pocket even if he did win. So I could use some educated advice should I just wait out the lawsuit or can I start creating my LLC now? Thanks BP!!

[Deborah Pyburn]

@Jacob Horan create the LLC IMMEDIATELY! you never know what else may come up so you want to protect your assets as much as possible. You are building wealth for yourself and your family and just as important as it is to build the wealth, is protecting it. Best of luck as you continue in real estate and congrats on your first multi unit.