Should I get a LLC before my first deal or not
I'm going to start a LLC. I've yet to get my first deal. But I need the Corp to get a loan. Should I get a s or c Corp. I plan on flipping houses and using hard money loans.
I was going to wait for my first deal but I don’t want to lose it while waiting for my Corp to start up.
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Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
#5 Medium-Term Rentals Contributor
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- Youngstown, OH
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Nicole Heasley Beitenman#5 Medium-Term Rentals Contributor
#5 Medium-Term Rentals Contributor
- Investor
- Youngstown, OH
I agree with @Cameron Tope. Too many new investors waste time, energy, and money worrying about legal entities, website, logos, company names, a mascot, a YouTube channel, social media pages, and anything else they can do to avoid worrying about the meat and potatoes of the business--finding and executing deals.