Do I LLC or Not (wholesaling)?

[Michele Redd]

Hello BP community, I'm a newbie New Jersey wholesaler to the community. Ok here it goes... so is it absolutely necessary to open up an LLC for my wholesale deals? I did about 3 deals without one (eeek) So I came across online a legal zoom website and thought I should breeze one up for $149 or more or should I sit with a lawyer and have one drawn up? I'm a little confused here. Do I open up an LLC under each property name I am wholesaling or do I create my own business name? I don't have any assets at the moment, so they certainly can't take anything, however, I do want to start out as a professional and do the right thing. All responses very welcomed! Thank you.