Business Entity to Start Investing

[Jim Patrick]

I've read through a number of posts already about the best business entities for investing and they obviously differ greatly depending on what type you do. I don't have much cash or credit and will be focusing on mostly CAs and perhaps some SLOs if the numbers justify the risk. Correct me if I'm wrong but it would seem an LLC would suit my needs the best.

That being said, I dont have any real assets to go after and CAs are relatively low risk. The main reason I want a business is for the name, I feel it will help legitimize me when approaching sellers and would tie in well with my marketing plans. Is it possible to begin as a sole propietorship and then change to an LLC once I get going? What would the costs be to form a SP?

If there would be a better approach than doing a SP Id like to hear that too. Basically all I want to be able to do is have a business name at the lowest cost possible, liability protection is not really a concern to me right now