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Wholesaling
HomeForumsWholesalingIs an LLC needed for wholesaling?
Jon Catterson's profile image
Jon Catterson's profile image
Jon Catterson
  • Rental Property Investor
  • from Sacramento, CA
  • Member since May 25, 2020
  • Posts 70
  • Votes 44
  • Experience 3 Yrs
  • Investments 1
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User Stats

70
Posts
44
Votes
Jon Catterson's profile image
Jon Catterson's profile image
Jon Catterson
  • Rental Property Investor
  • from Sacramento, CA
  • Member since May 25, 2020
  • Posts 70
  • Votes 44
  • Experience 3 Yrs
  • Investments 1
Connect
Jon Catterson
  • Rental Property Investor
  • Sacramento, CA
44
Votes |
70
Posts
Wholesaling

Is an LLC needed for wholesaling?

Jon Catterson
  • Rental Property Investor
  • Sacramento, CA
Posted Aug 14 2020, 12:58

Is an LLC needed or desirable to conduct your wholesaling business? I could see giving a link to how to look us up on the Secretary of State's website to show legitimacy as one benefit. Another big one is protection of assets. I don't have much when it comes to "retire early" but more than enough to hurt if someone sued it all away. One drawback in California is the $800 per year franchise tax on LLCs.

Do you have LLCs for wholesaling? Why or why not?

Thanks in advance.

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