Did you need a business license to buy the home you live in? Neither did I. You do not need a business license to invest in real estate either. There may come a point when your desire for asset and/or lawsuit protection, or for tax or estate planning reasons that a business entity may become a good decision. There are quite a few proponents of using LLC's as the entity of choice, but there are several things to consider when deciding which business entity would best fit your needs. When you get to that point, I'd recommend consulting a good real estateattorney, and a good accountant / financial planner.
Good Luck,
Jeff
Did you need a business license to buy the home you live in? Neither did I. You do not need a business license to invest in real estate either. There may come a point when your desire for asset and/or lawsuit protection, or for tax or estate planning reasons that a business entity may become a good decision. There are quite a few proponents of using LLC's as the entity of choice, but there are several things to consider when deciding which business entity would best fit your needs. When you get to that point, I'd recommend consulting a good real estate attorney, and a good accountant / financial planner.
Good Luck,
Jeff