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Updated 11 months ago on . Most recent reply
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LLC vs. Non-LLC
Hello,
I am interested in the pros v. cons to creating an LLC and operating under said implications.
A few questions I have top of mind:
Does it cost anything to hold an LLC in the state of Colorado?
Does having the capacity to pull a business loan or business credit card benefit strategy in any significant way? (I've heard people tend to create LLC and utilize lines of credit to either fix property or furnish a STR/MTR for example)
Are there any significant pulls either for or against creating an LLC?
Tax implications?
Thank you in advance!
Most Popular Reply
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What a coincidence! I just came across a video on youtube called How to structure you real estate flipping business with Toby Mathis. Toby is one of the owners/founders of Anderson Business Advisors of which I'm a client of. Anderson forms all of my entities.