Starting an Limited liability corporation

3 Replies | Meridian, Idaho

Originally posted by @Sharoslyn Smith :

Is LLC the right method when starting my first real estate business?

Go with umbrella insurance instead of an LLC for several reasons

1. LLCs are for protecting substantial equity which is rare until you have 4 or 5 houses

2. With an LLC you have to follow rules that most people don't know and don't follow anyway so when a lawsuit does happen they are not protected by the LLC

3. Umbrella insurance gives you the same protection and is cheaper with less work involved