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Updated almost 8 years ago,

User Stats

7
Posts
2
Votes
Jacob Horan
  • Investor
  • Boulder Creek, CA
2
Votes |
7
Posts

Should I wait to create an LLC if

Jacob Horan
  • Investor
  • Boulder Creek, CA
Posted
Hello bigger pockets members, I have a quick question. I am wrapping a deal up on my first multiplex , it is a five plex that I will be converting to a four . My question is I am a little behind on creating my llc , my wife got into a fender bender with a motorcyclist and does not feel that she is guilty. This has created a timely lawsuit, meanwhile I have been on my Realestate journey buying property in my our names . The more property's I buy the more I know I need a correctly structured business entity. We had auto insurance and the asking amount from the plaintive is less then our coverage is ,therefore there should be nothing out-of-pocket even if he did win. So I could use some educated advice should I just wait out the lawsuit or can I start creating my LLC now? Thanks BP!!

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