Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: SeattleSun on July 12, 2013, 06:37:30 PM

Title: Any Pit Falls Setting Up a LC "Institutional" Account
Post by: SeattleSun on July 12, 2013, 06:37:30 PM

After 11 months lending on Prosper thru an LLC and chomping on the bit to see P2P Picks in action I have decided to finally set up a LC account.

Me and my partners run this kind of suff thru an LLC which should make me an "institutional" account and was wondering if there were any pit falls to be aware of?   Postive comments welcome too.

Resident of Washington state and LCC based in WA too.

TIA
Title: Re: Any Pit Falls Setting Up a LC "Institutional" Account
Post by: mukoh on July 14, 2013, 06:17:33 PM
Same thing for me. In WA and thinking of doing through LLC that has investment capital.