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Updated over 6 years ago on . Most recent reply

User Stats

25
Posts
13
Votes
Jacob Allweil
  • Charlotte, NC
13
Votes |
25
Posts

Process in setting up LLC or corporation

Jacob Allweil
  • Charlotte, NC
Posted

I'm currently renting out rooms in my home. I'm thinking about purchasing another house to rent out but I would not live there. I'm questioning what my best next organizational move should be and wondering on the logistics. If I wanted to purchase this other house would I buy it under my name and then transfer to a company, in the form of an LLC, corporation, or something else. Or should I setup the LLC or corporation and then purchase it.

Does anyone have good literature discussing the pros and cons of these different setups?  Any help is appreciated.  

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