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Updated over 1 year ago, 07/03/2023
Process of Starting an LLC
I am looking into the process of starting an LLC, because I understand there are many tax benefits to operating a real estate business under an LLC. Starting an LLC would also help make my website more credible and official. Could anyone provide a broad overview of the steps to take to starting an LLC? Any additional information would be very appreciated.
I must question your initial premise. What tax benefits do you believe you can get with an LLC that you cannot get when owning a property in your own name?
If the question is LLC vs C-Corp or even S-Corp, then definitely. However, if you are just starting off, creating an LLC for "tax benefits" may be an incorrect assumption.
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Quote from @Nathan Witte:
I am looking into the process of starting an LLC, because I understand there are many tax benefits to operating a real estate business under an LLC.
Creating an LLC or starting a website are not getting you started in real estate unless you are talking about real estate agent/wholesaling where it may potentially help).
Getting starting would be getting your first deal.
- Basit Siddiqi
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