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Wholesaling
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Updated almost 8 years ago on . Most recent reply

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41
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11
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Drew Byrd
  • Memphis, TN
11
Votes |
41
Posts

Wholesaling through an LLC

Drew Byrd
  • Memphis, TN
Posted

I'm looking for answers from either legally qualified individuals or other people who have had first hand experience with this. 

I live in Mississippi but will be wholesaling in primarily, if not entirely, in Memphis, Tennessee (I live right on the border). In which state should I incorporate my LLC?

Most Popular Reply

User Stats

67
Posts
34
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Dominic Bouchard
  • Professional
  • Los Angeles, CA
34
Votes |
67
Posts
Dominic Bouchard
  • Professional
  • Los Angeles, CA
Replied

You can setup your LLC wherever you want. But..

The only thing is when its time to evict or do any other legal activity, the LLC needs to be properly registered in your state and according to your "Landlord-tenant" laws.

When you set up your structure wrongly, it could be impossible to issue an eviction judgment. 

Here's one reason for rejecting an eviction: 

Hope that helps.

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