Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago, 03/08/2016

User Stats

174
Posts
69
Votes
Cameron Price
  • Real Estate Broker
  • Hartsville, SC
69
Votes |
174
Posts

South Carolina Single Member LLC strength?

Cameron Price
  • Real Estate Broker
  • Hartsville, SC
Posted

I've been researching legal entities, and have come across a lot of information about single member LLC's. In some states, they seem to be pretty much useless, and in others, quite strong for assett protection. What is the strength of a single member LLC in South Carolina?

I just finished forming a single member LLC for my Landscaping business. Now I'm trying to figure out how many more I need. I plan to flip houses, and buy houses for rentals. I currently own 1 rental in my personal name. I'm considering creating a LLC (taxed as an S-Corp) for my flipping opperations, and a separate LLC for each rental property I purchase. Is this overkill, or a wise move? LLC filing cost $110 here.

Loading replies...