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Updated almost 8 years ago on . Most recent reply

User Stats

45
Posts
11
Votes
Neil Patel
  • Glendale, AZ
11
Votes |
45
Posts

Purchased TWO 4 plex and need advise on if I should form LLC??

Neil Patel
  • Glendale, AZ
Posted

I purchased 2 4plexes recently and was curious if I should put them both on a separate LLC or just leave it under my name? If I should do LLC, is there any particular way to form it or is it just standard business LLC?

Most Popular Reply

Account Closed
  • Investor
  • Minneapolis, MN
34
Votes |
86
Posts
Account Closed
  • Investor
  • Minneapolis, MN
Replied

If you're a reader, I highly recommend reading Garrett Sutton's book, "Start Your Own Corporation" to get started on learning about asset protection (the pros and cons of LLCs). Garrett is a Rich Dad Advisor and, though the title sounds a little daunting, it's actually a really easy--and interesting--read that IMO was well worth the time!

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