Investing in a start-up business isn't for everyone.

Sorry, my mom is a Shakespeare buff and she would be proud :lol: So I was just about to go to the County Courthouse to file for an Assumed Name(DBA) but now I'm considering starting an LLC for multiple reasons and I'm curious as to what your opinions are.A little about me:I have not yet done a dealI have been studying for some time and I'm ready to get startedI have every intention of doing this full-time but I will not quit my day job until it's a realistic possibility(1-3 years)My only assets are my house which is homesteaded and a car with 100,000 miles and serious hail damage so I'm not concerned with asset protection at this pointI am interested in wholesaling/rehabbing(rentals in the near future)I have $10K-$20K startup capital I will be using Hard Money for my first several rehabsI have excellent credit (771)I am now thinking about starting an LLC in Texas(one-time $300 filing fee)for my rehabs because I want to build up business credit and season my company so I figure I might as well start now.Once I acquire rentals I will definitely setup an LLC but that is not an issue yet.Given the information, should I form an LLC or just do my first few deals as a sole proprietor and then get my LLC?

Just look at most startup companies.

Also it is nice to give out determined stock rather than percentages if someone goes in with you guys.I love startups!

I'm also new, well trying to start up in this business which seems cool.

I am looking for 3 to 6 investors for start up of two fractional properties that would guarentee a rental income that exceeds 10% return.

Also the cost difference between the two for a startup just can't be beat.Tim

Is it better to buy a Shelf Corporation or start up a new LLC?

We tried really hard to start up a community group and it sort of worked but in 10 years, the neighborhood is basically the same as when we bought.

But I think people will enjoy it.Also going to print out some window decals for the site and hand them out.Hopefully target media outlets to write a quick story about our "start up".