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Updated over 11 years ago on . Most recent reply

User Stats

14
Posts
0
Votes
Henry Kicera
  • Homeowner
  • Burlington, KY
0
Votes |
14
Posts

LLC or property first?

Henry Kicera
  • Homeowner
  • Burlington, KY
Posted

What came first? The chicken or the egg?

Are you a carriage before horse person?

LLC before property or property before LLC?

What are the benefits to forming the LLC while I look for my first deal? Can anyone go into details about securing credit history of an entity and credit lines without the income source? Without a property (income and losses), how difficult is the paperwork/regulatory requirements/statements without the asset? Will a perception be there that an LLC was formed for ::gulp:: decreasing tax liability dishonestly, instead of creating wealth? Any good cannoli recipes out there?

Thanks a million (the terms of this million don't mature for many years out, so really the thanks a million is thanks zero. think of it as leverage)!

Henry K.

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