Owner Builder SFR California under LLC

[Account Closed]

Hi - We've done 3 full remodels that we've lived in and now putting in offer for first remodel. Hard money loan to LLC. As we have our own crew, we are hiring our guys on the books for liability and so we can show proper cost basis for sale. I'm not a licensed GC yet, but owner builder in CA allows us to hire as w-2 to complete the renovation. Any experience/advice on how that may work via LLC, not individual?

[Estevan Benavides]

I am a general contractor here in CA, sounds like what you need is not a General B. If I were you I would go the route of a Residential Remodeling Contractor as opposed to the the Gen B since you plan on working in the rehab space. The bar is lower and all of the associated insurances will be less costly. Unless you plan on lots of structural work, this would be the better option. I use Freshbooks for accounting and payroll. pretty simple and it keeps all of your projects separated so you know what your actual profit is at the end. I copied the CSLB link so you can check it out. I also copied my Freshbooks referral  ;)

Let's keep growing!

https://www.cslb.ca.gov/about_us/library/licensing_classific...