Forming an LLC

[Andrew Saquing]

I would like to start the process of forming an LLC. I have doing a some research but there is a lot that I don't know. Should I contact a cpa or an attorney for help in drafting the necessary documents? Or both?

I will be purchasing rental properties. I have read that you should only have a certain amount of equity in an LLC so as to protect yourself. And that when that point is reached, to just make a new one. Is this true?

Also, will I come across some issues regarding financing as well if I purchase through an LLC?

Cheers,
Andy