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Updated almost 7 years ago on . Most recent reply

Shannon Robinson's profile image
Shannon Robinson's profile image
Shannon Robinson
  • Realtor
  • from Stamford, Connecticut
  • Member since Mar 4, 2018
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Shannon Robinson's profile image
Shannon Robinson's profile image
Shannon Robinson
  • Realtor
  • from Stamford, Connecticut
  • Member since Mar 4, 2018
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Shannon Robinson
  • Realtor
  • Stamford, CT
1
Votes |
9
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Starting Out

Creating one LLC for Real Estate investing/ Uber driving

Shannon Robinson
  • Realtor
  • Stamford, CT
Posted
Hello everyone, quick question. Is it possible to create one LLC to invest in real estate AND drive Uber?
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Mike Taravella's profile image
Mike Taravella's profile image
Mike Taravella
  • Rental Property Investor
  • from Knoxville, TN
  • Member since Apr 20, 2017
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Mike Taravella's profile image
Mike Taravella's profile image
Mike Taravella
  • Rental Property Investor
  • from Knoxville, TN
  • Member since Apr 20, 2017
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Mike Taravella
  • Rental Property Investor
  • Knoxville, TN
107
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160
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Mike Taravella
  • Rental Property Investor
  • Knoxville, TN
Replied

Hello @Shannon Robinson

Ideally you would want to separate them due to being 2 different primary business practices. Could draw a lot of red flags to government regulations.

Plus regarding asset protection if something were to happen through driving Uber and you get sued, all assets (your real estate portfolio) could be at risk.

Disclaimer: I am not a lawyer and I am not providing legal advice.  I would recommend discussing with a layer.

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