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Updated almost 9 years ago on . Most recent reply

James Jacobs's profile image
James Jacobs's profile image
James Jacobs
  • from Saginaw, MI
  • Member since Apr 27, 2016
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27
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5
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James Jacobs's profile image
James Jacobs's profile image
James Jacobs
  • from Saginaw, MI
  • Member since Apr 27, 2016
Connect
James Jacobs
  • Saginaw, MI
5
Votes |
27
Posts
Goals, Business Plans & Entities

Woman Owned Business

James Jacobs
  • Saginaw, MI
Posted

My wife and I are complete newbs. Actually, I am a newb and she is a mostly-willing supporter of my newly acquired desire to be an REI. We live in Michigan. I think I am close to closing on my first deal, and assume creating an LLC would be smart. Two questions:

1. Are there any reasons NOT to create an LLC?

2. Are there any advantages to create the LLC in my wife's name so that it is a Woman-Owned Business?

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