Start an LLC before putting in offers? Can you change it later

[Ryan Johnston]

I'm currently placing an offer on a house to flip and I planned to set up a LLC in the future even though I currently have no assets. I figured that it's just good practice to have that layer of protection as well as the tax benefits of S-corp filing.

My question to you is when should I set up this LLC? Do I need to include the LLC in the offer letter I'm submitting or would just putting my name down work? Time is of the essence right now and I need to get this offer in very soon.

If I do need a LLC now, can I put the offer in with my name to get the deal in motion and then once we get to the closing table, put it under the LLC name? I haven't closed on a deal yet so I'm trying to figure this all out as I go. I'm working in Indiana if that matters.

Thanks BP Community!

[Jacob A.]

@Ryan Johnston 

I suggest you don't get caught up in the whole conundrum of the legal entity you are trying to establish. If you have found a good deal, take the deal and make the numbers work and make the return on investment. 

DO NOT get worked up over the legal stuff and allow it to cause you to miss the deal! 

Speak with an attorney or a seasoned investor in your area and they could offer insight into your questions.