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Updated about 11 years ago,

User Stats

32
Posts
3
Votes
Rich Riesmeyer
  • Investor
  • Summerville, SC
3
Votes |
32
Posts

First property-LLC question

Rich Riesmeyer
  • Investor
  • Summerville, SC
Posted

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.

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