Hi Folks;
This may sound kinda dum but I was wondering a few things of LLC and Corps. If I have a few rentals now and would like to put them under a LLC, how would I go about doing that? Or should I put it under a Corp? Do I need a lawyer for a LLC as I do a Corp to become one?When I buy another property how do I sign the contracts and mortgage notes if I don’t use my own name, do I just sign the LLCs name or Corp name? As you can see I have information overload and need some direction.Do I use beneficiaries for each and how do I set them up?Please helpany info would straighten me up a lil
Thanks
~henry~
henry, the first thing to do is get an accountant, and get an attorney. these two people will be your advisors and counsel, and will help you sort through the information overload. they are well worth the cost. don’t hold real estate in a corporation. use a llc or partnership. dave-cleveland