I am considering starting an "asset management company", most likely under a LLC status. But I want it to be my own assets. I would like to purchase (for rent) small homes, condos and/or townhouses and then eventually diversify the portfolio to mutual funds, stocks, bonds, franchises, etc. Adding my own money and any profits from the rentals. Is it a good idea to put it under an LLC? Would this even be considered an asset management company? An advice or tips is appreciated.What is the best way to start your own personal asset management company?
Best thing is to put each property in a separate llc
You can do this yourself through the secretary of state or corporation commission in your state
That way if there is a problem with one it won't hurt the othersWhat is the best way to start your own personal asset management company?
maybe you should contact these guys, they have a fantastic asset management and asset tracking application http://www.safeasset.org its also free to use
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