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Updated over 2 years ago on . Most recent reply

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Drew Gordon
  • Clover, sc
3
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Do I absolutely need an LLC for STR or is it okay to be a sole proprietorship?

Drew Gordon
  • Clover, sc
Posted

I currently do not have any units as of right now but I am in question about whether I need an LLC or can I just run the business through sole proprietorship?

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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
14,283
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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied

You do not need an LLC to operate Real Estate. Until you get 10+ units, maybe... just make sure you are adequately insured...

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