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Pros and Cons Of an LLC in Real Estate

In today's video, we will go over both: the pros AND the cons of LLCs. I have created a few videos about the benefits of having an LLC but realized never provided a list of cons. Just like everything in life, nothing can be this perfect. In this video, I'll go over a list of pros and cons so you can make an informed decision regarding LLCs. Come and join me in this educational video to learn not just about LLCs but also about something else! Happy learning! **During the first minute...I meant to say PROS instead of cons!** 🎥 VIDEOS COMPLEMENTING THIS ONE Best Legal Entities for Real Estate 👉   • Best Legal Entities for Real Estate   What's an LLC and What Are The Benefits in Real Estate 👉   • What's an LLC & What It Can Do For Yo...   ▶️ PLAYLIST COMPLEMENTING THIS ONE All About Credit Playlist 👉   • Why Is Business Credit a Powerful Too...   Going From 0 to 24 Properties Playlist 👉   • How I Got Started in Real Estate | Mo...   💰 ACCELERATE YOUR FINANCIAL GROWTH AT NO COST Webinar: Learn how to invest in real estate without savings 👉 https://www.novariseinvest.com/webinar Join our newsletter 👉 https://www.novariseinvest.com/novanews/ ⛺️ OUR STORE Merchandise 👉 https://shop.novarise.com/ ▬▬▬▬ TOOLS ▬▬▬▬ https://www.google.com/sheets/about/ ⏰ TIMESTAMPS 0:00 Pros and Cons Of an LLC in Real Estate 1:20 Benefits of having an LLC 1:48 How much are the formation fees of an LLC? 3:30 How much are the renewal fees of an LLC? 4:13 What's a register agent? 5:32 Administration of an LLC 6:05 What are meeting minutes? 7:10 Interest rates of an LLC 8:45 Meeting records 12:44 Should you get an LLC? 📄 DISCLAIMER **DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL AND ILLUSTRATIONAL PURPOSES BASED ON THE INDIVIDUAL EXPERIENCES OF THE PRESENTER. EVERY SITUATION IS DIFFERENT AND YOUR RESULTS MAY DIFFER. YOU SHOULD ANALYZE THE RISKS ACCORDINGLY BEFORE PROCEEDING TO TAKE ACTION**