Guest Natasha Report post Posted January 15, 2003 Quick question, before I do my first deal, should I set a LLC? Which type of Corporation is best? If I dont have one, would it be wise for the TB to sign over a check to me in my personal name? Natasha Wade-Williams718 898 8765info@jontash-investments.com Share this post Link to post Share on other sites
MichaelC 160 Report post Posted January 15, 2003 Natasha, it is always preferable not to do real estate transactions in your personal name. Doing so puts your personal assets and credit on the line. And even though we go into these deals with the best of intentions, in these times of litigation lotto, too many things can go wrong. Protect yourself.Depending upon your personal situation and the state you reside, there is no one best way to protecting yourself. Ask around of other investors to see what they recommend, for starters. Then, run it by an attorney or a CPA to get some professional opinions.Here in Florida, as in many states these days, setting up an LLC is all of five minutes online. Share this post Link to post Share on other sites
Bermudabay 0 Report post Posted January 23, 2003 Is a LLC a limited company or incorporated company? Share this post Link to post Share on other sites
MichaelC 160 Report post Posted January 23, 2003 LLC stands for Limited Liability Company. Share this post Link to post Share on other sites
Sold ! 0 Report post Posted October 9, 2004 Here in Florida, as in many states these days, setting up an LLC is all of five minutes online. Where? How? Point me..........thanks. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted October 9, 2004 The website is here. But, looking at it to verify that the link I just posted was correct, I noticed they changed it around quite a bit. It's not nearly as user friendly as it used to be. Still, that's the place to go for LLC info and formation. You might be better off just calling the number listed on the site for some live help. Share this post Link to post Share on other sites
Sold ! 0 Report post Posted October 9, 2004 Will do...............thank you. Possible deals this month. Got some interest this week from e-mails to Buyowner.com. sold! Share this post Link to post Share on other sites
