Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 3 years ago on . Most recent reply

User Stats

48
Posts
29
Votes
Thomas J Mele
  • Investor
  • Fairfield County, CT
29
Votes |
48
Posts

Opening my first LLC

Thomas J Mele
  • Investor
  • Fairfield County, CT
Posted

Do I need guidance in this category or do I just google "create my own LLC"? Just trying to gauge if there are any particular details I should know about or if it's pretty straight forward to figure out on my own.

Most Popular Reply

User Stats

131
Posts
100
Votes
David C.
  • Investor
100
Votes |
131
Posts
David C.
  • Investor
Replied

I would have to respectfully disagree with @Rick Pozos. I would favor an LLC if I were going to place significant money into a property. Yes, you will have to sign personally, as owner of the LLC this will always be the case. *However*, there is a big difference. Should something adverse occur during ownership, only the LLC will be held liable, while your personal assets should be protected (provided you operated the LLC properly). Just my 2 cents.

Loading replies...