LLC?

[David Corvin]

I notice that just about everyone signs their posts here with an LLC. I don't know much about being LLC'd. Should I do that prior to flipping my first house or doing my first wholesale deal? If so, why? Is it a liability thing or a tax thing? How does the process work and costs involved? Thanks!

David

[J Scott]

Creating a business entity is both for asset protection and tax advantages. There are a lot of posts (especially recently) here on BP about LLCs and other business entities and why they are advantageous (and when they are not).

Do some reading of recent threads on this topic...