First Time Flipping a House

[Ed James]

I am currently in escrow for my first purchase and I'm hoping to flip in about 6 months. I have a full time job in the construction field and will be doing this part time. I have done a lot of research and have realized it's best, specially for tax purposes, to incorporate or set up LLC. However, I have not done either of the two yet.

Is it too late to start setting up a business?

Is it recommended to start the whole process before escrow?

Most importantly, can the house remain in my name, yet write off all expenses through the business?