My first post...Ive been here about 2 months now and can relate to a few people. I myself have taken the route of a joint venture with another investor, because my credit is not up to par. So last week I started looking for ways to establish credit. A lot of people in the same boat decides to established LLCs. Which is what I looked into. During my search I got a call from one of Dean's Partners that help you setup a business. Which they inform me to get an LLC. There were a couple programs and they cost about a couple hundred dollars to setup plus state fees. I told them I will take a day to think it over. Here comes the DEAL OR NO DEAL part...After I got off the phone I decided to search for California LLCs for sale on Google.(BTW I did see Anita's post about her selling one of her 1+yrs established LLC for 15K before I started looking into LLCs.) Anyways I found a guys link to craigslist selling his established LLC for $1,000. I decided to contact him to get more info. This is the info, The LLC was established originally in Nevada in 1998 and was changed over to California in 2005. It has current bank accounts with atleast one account with a line of credit available for 60K. Has been filed taxes every year showing income for about 400K gross a year. There is NO types of leins on the LLC which he will put in the purchase contract as a guarantee. He gave me a couple days to decide. I asked if there was any info on it with DunnnBradstreet. He said it had a DNB number but he didn't pay to subscribe with them for a "rating", but he pulled a 39.95 info from DNB and it has the LLC as a Management Consulting business thats been around for 10 yrs. With a LOW risk for loan request. DEAL OR NO DEAL? 1K is a lot to send to someone you don't know but what should have I done. Anyone who has experience with LLCs, specially in California can you suggest anything.