Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 14 years ago on . Most recent reply

User Stats

84
Posts
10
Votes
Becky Watkins
  • Investor
  • Seattle, WA
10
Votes |
84
Posts

LLC Setup - Legal Protection

Becky Watkins
  • Investor
  • Seattle, WA
Posted

We're working on setting up our LLC and need an address and agent for service of process.

Our CPA suggested we looked into virtual offices. We did and they are about $80-100 a month. That seems like a lot just to protect our privacy (although that's pretty important). What do you guys do?

Also, our CPA suggested we use a friend or family member or professional service for the agent for service of process. I hadn't thought of using a friend before. My husband suggests we use his parents, but I'm not so sure that's a good idea. I was reading all these requirements of a service agent, and don't trust it's a good idea to go with anyone besides a professional.

We are still looking for an attorney, so we'll ask those we interview about this, but in your experience, do many attorneys offer this? I've read that most don't want to, but to me, it makes sense for the attorney to be the service agent.

Let me know your thoughts and thanks for any help!

Most Popular Reply

User Stats

79
Posts
53
Votes
Matt R.
  • Real Estate Investor
  • Sunnyvale, CA
53
Votes |
79
Posts
Matt R.
  • Real Estate Investor
  • Sunnyvale, CA
Replied

Hi Becky,
although I live in California, I have property in Texas.
So, I set up an LLC in Texas and that requires a 'local' agent (ie in Texas).
The lawyer that I worked with for general advice and for setting up my LCC agreed to be my named agent. That would usually cost me a little extra per year for that, but since I also pay him for advice through the year I haven't seen a bill for the 'being an agent' job.
All that provides is a Texas address for official notification of paperwork etc. and what he does is just forward it to me at my 'real' address. So it's not a major task, even for friends and family to do.

Loading replies...