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Updated over 9 years ago on . Most recent reply

User Stats

30
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0
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Derek Caldwell
  • Electrician
  • Kaysville, UT
0
Votes |
30
Posts

Utah Fix, Flips and Buy and hold New Investor

Derek Caldwell
  • Electrician
  • Kaysville, UT
Posted

Hello everyone, my name is Derek Caldwell. I have some questions on how I need to structure myself to begin investing in the market. I am in Utah and was wondering what critical things I need to have in place before starting. 

1: I have heard about starting an LLC, is this the first thing recommended before starting the investment process?

2: I assume along with the LLC that I would also need to get a business license within the state or states that I am planning on investing in, if so, is this just a standard business license?

3: At what point would I need to contact an attorney and/or an accountant for my investments, I want to cover myself but also not spend excess money?

Thanks in advance to anyone who responds, I am sorry if these have been asked before in some older posts, just didn't find specific answers.

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