Buying Under a Company Name

[Mike Clark]

Do most of you run your business under an LLC or S-corp ... or do you run your business under your personal name? I'm know a lot here set up businesses but is it really necessary if you only invest on a smaller scale ... say 2-4 properties? I'd rather not go through the legal and tax headaches if it's not necessary. I also would think it would effect the loan process as well.

[Mitch Kronowit]

Privacy is a BIG reason we formed an LLC to hold our rental properties. I prefer our tenants not knowing who we are or where we live, especially is we have to evict one and piss 'em off.

Otherwise, yes, it is an expense and a hassle, but you have to decide for yourself if the benefits outweigh all that.