Help!!! LLC, licenses, permits etc.

[Jeff Oberts]

Hi all! I am very new to the VR business (still in research mode!), and could use your help. My business partner and I are looking to begin this journey by purchasing one VR lakefront cabin in Wisconsin. I could (and probably will!) ask 1,000 questions from now until then, but tonight's puzzler is should we form an LLC? I've read a few people state that an LLC isn't an option if you have a mortgage on the property.

Also, what licenses and permits will we need?  Is it worth paying $99 to a business who researches and notifies us about what permits/licenses we'll need? 

We are grateful for your help, and your precious time,

Jeff