First property-LLC question

[Rich Riesmeyer]

About to buy our first property, with more to come, we hope. Should I attempt to file the LLC paperwork without an attorney? Filing seems straight forward, but what do I need to put into the operating agreement? Can my wife and I both be managing members?

I understand that LLC's must have separate bank accounts. Would protection still be achieved if the LLC's had similar names and the same mailing address? Such as Smith A LLC for one property and Smith B LLC for another, both receiving mail at Smith LLC PO box.

How is money from the LLC bank account passed thru to me?

All replies are appreciated.

[Jonna Weber]

I set my first one up with an attorney...but now have a template of how to correctly do it on my own. In my state, if you and a spouse are the only members - it is very straight forward to set it up as a single member LLC. Every state seems to have it's own nuance's though - so I would invest in a consultation with an attorney from the beginning.