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Updated almost 4 years ago on . Most recent reply

User Stats

48
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29
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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
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100
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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.

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