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Updated almost 7 years ago,
LLC Form Purposes for Flipping
Starting an llc in Illinois to get hard money loan and flip houses. Is there any reason to not have the purposes on article of organization be both general contracting and property investing? Name of the company would have the word "contracting" in the title. The llc would own the property and I would be the general contractor and also perform general carpentry. Do most hard money lenders prefer a contractor be involved? Thanks.