GCing your own projects

[Ben C.]

Hello,

I own an LLC (my development company under which I buy and sell properties) and just wrapping up my 4th new construction project. So fair to say I have gained a lot of knowledge.

As a result I have made the decision to GC my own projects going forward as I've seen first hand the huge cost savings that can be taken advantage of. 

How do all you developers set it up when you own GC your own projects?

In NJ you need to apply for the license, pay the fee and get insurance (that is it). 

Does your holding company "contract" with your holding company?

Not trying to re-invent the wheels but trying to project myself best I can in the simplest manner as I will be contracting directly with subs now. 

I was told to never have the "contracting" business and development/holding company joined together. 

Thanks!

[Chris Seveney]

@Ben C.

Separate businesses. Construction company only does construction and development company development