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Updated about 16 years ago,

Kyle Richter's profile image
Kyle Richter's profile image
Kyle Richter
  • Inspector
  • from Houston, Texas
  • Member since Jan 2, 2009
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Kyle Richter's profile image
Kyle Richter's profile image
Kyle Richter
  • Inspector
  • from Houston, Texas
  • Member since Jan 2, 2009
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Kyle Richter
  • Inspector
  • Houston, TX
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33
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Goals, Business Plans & Entities

LLC vs. Sole Prop.

Kyle Richter
  • Inspector
  • Houston, TX
Posted

Is there any great advantage to opening a LLC vs. Sole Prop. other than protection form pesonal loses? I have a Sole Prop. now for my business unrealted to Real estate. Now wanting to venture into RE, I want to keep the 2 seperate, But I see most investors have LLC.

As a Sole Prop. my business already has an established line of credit. How does a new LLC establish credit if not associated with a SSN?

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