Do I need to form an LLC?

[Terry Wyche]

Hello, I am new to the investment world and I am trying to take action on my business. I have attended Guru seminars that strongly advised that an LLC be established before conducting business. After reading some forums in BP I am seeing mixed opinions. So the question is do I need to set up an LLC as a beginner with no assets?

[Federico Gutierrez]

You don't need an LLC. If you are going to try get a residential loan from a bank they won't lend to an LLC. Only to your personal name