Should I set up LLC before or after purchase?
I'm in the processing of buying a rental property. I'm thinking I want to set up an LLC, but the law firm we're using is very busy, and it will probably take a couple weeks for them to set it up. Originally I was planning on setting up the LLC during closing, but now since it is taking so long, I am thinking about buying the property under my own name, and then adding the LLC later. My self and the seller want to close the deal ASAP.
My question is, are there any additional cost involved if I buy the property under my name and then add the LLC later vs having the LLC from the start?