Starting an LLC Online

[Gabriel Wheeler]

Hey guys, new investor in Grand Rapids, Michigan looking for some advice. I think I want to start an llc to protect my investments, but I'm not sure what way to go. Should I just get one online? Is there something else that I should be aware of? Thanks for the help!

[Jennifer Gligoric]

I would recommend talking to an entity formation expert that specifically works with real estate investors with entities that are particular to investors, such as anonymous LLC's (several states depending on the investor/business might be good) or Series LLC or even DST structures. The best entity is one that provides protection not just for your business, but also your assets, and one that on top of that, is structured to be a lawsuit deterrent and is easy to manage on the backend both in accounting, banking and taxes so that you are not over-burdened.

Where you live, where your assets are located and what type of REI business you have (SF, MF, Flips, Hacking, LP, GP, etc) now and your future plan should determine the right entity.

*  I am not an attorney and I am not YOUR attorney - I just simply happen to know the best ones. :)  *