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Updated about 10 years ago,
Why form an LCC?
I am currently looking into making my first purchase on a rental property and have heard a lot about forming an LLC before I do. I was wondering what benefits I would get from forming an LLC and if it would make a difference If I formed the LLC before or after I make my first investment. I have also read that by forming a corporation it would create a plethora of tax break I would be able to take advantage of, would an LLC afford me the same opportunities as a corporation?