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Updated 12 months ago, 01/24/2024
Questions on LLC
Hello everyone, new to RE investing and looking to create a LLC. What's the best way (and economical) to set up LLC? My accountant? Attorney? Can I use Legal Zoom? I got a quote for $695.00 from an out of state accountant (someone I found from a RE book!). Is that typical fees? Legal Zoom is little confusing with various choices and levels. What need to be done on annual basis? Does it have to be done by a professional or can I do it? Are there any additional cost/fees once it is set up? I believe I need a EIN for every property and each LLC. How do I get EIN? Anything else I don't know? Thank you and appreciate any input.