Posted by Tony B Columbus ohio on October 23, 2003 at 12:14:43:
I agree with John Hyre’s opinion. Up to 250k in equity per llc. Consider, to keep the LLC legit, you need seperate banking accounts, credit accounts, books, insurance, operating agreements, tax prep, etc. All this duplication takes time and money. So think it through- if this is your first llc, set it up and learn before you launch another entity. Lastly, LLC is also NOT the right entity for FLIPs.