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Updated over 11 years ago,
LLC or property first?
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.