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Updated almost 9 years ago on . Most recent reply

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5
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Eric Jamross
  • Wholesaler
  • Dalton, MA
2
Votes |
5
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LLC

Eric Jamross
  • Wholesaler
  • Dalton, MA
Posted

whats your guys opinion on starting an LLC? Is a necessity in this business or are there better routes to take??

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Ned Carey
  • Investor
  • Baltimore, MD
12,718
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16,433
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

It sounds like you don't have a lot to protect. It also sounds like if you act legally and ethically your risk profile will be pretty low. There is a cost to creating and running an LLC. You can create a business name (DBA or Doing Business As) without forming an separate entity. Many business people run their businesses as a sole proprietor.

Personally I would create an LLC but I can't give you legal advice as to what you should do. It is worth consulting a good attorney. you can also check out NOLO Press. They write self help legal books which are a good idea even if you work with an attorney so you better understand the issues involved.

  • Ned Carey
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