Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

45
Posts
41
Votes
Joe Ferguson
  • Real Estate Agent
  • Saint Petersburg
41
Votes |
45
Posts

Name in LLC.... is it really a bad idea?

Joe Ferguson
  • Real Estate Agent
  • Saint Petersburg
Posted

I know the point of a LLC is to protect your personal assets and therefore it is usually recommended not to include your name, use a PO box, etc., when creating the entity. My argument is that if a person wants to find out who owns the LLC it is not hard to do. I can easily search company names in my state on the Florida Division of Corporations website and find out who created the entity, their address, the date they created, whether it is active or inactive, etc. I do this all the time.

Then you have guys like Uncle G (Grant Cardone) who want 7 billion people to know their name. He buys property under the business name Cardone Capital. He also has Cardone University, Grantcardone.com.... his name is everywhere. This man obviously has millions to loose. 

I really like the idea of having my name associated with my business. As the face of the business, the awesome reputation (being positive here) will directly reflect on me not some faceless business where people have no idea who owns it and have to track them down. This brings us back to the main point, they could in fact track me down so what is the point in trying to hide?

Thoughts?

Loading replies...