What to do about forming my LLC?

[Terry Royce]

I want to put a contract in, but have not yet set up my LLC. Should I put it in anyway and transfer the deed, or assign the contract when my LLC is formed? The Maryland site says it will take 7-8 weeks after submitting the paperwork to have the process finished.

I want to try to tie up the property NOW but I don't want to screw myself by not having an LLC. When I have an LLC what kind of extra insurance will I need?

Also, when I set it up I want to make sure it is taxed as a C-Corp, so that I will save more in taxes.

I am also wondering if I will need a business license, I never hear anyone mention it. I am going to call the state tomorrow, I figured I would just ask anyway.

Sorry for the multiple questions. There is alot running around in my heard right now.
-Terry