Do I need an LLC business to start RE Investing?

[Katie Huynh]

I am forming a team/business partner to start on real estate investing, and I want to ask if we need to get some kind of formal business licence such as an LLC...or we can just do it in personal/individual level?

[Clint Galliano]

If you are dealing with partners, I would highly suggest creating an LLC entity AND have it include a an operating agreement that covers who does what and how you will eventually dissolve the company/dispose of the property.

Disclaimer: I am not an attorney nor do I play one on the internet.