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Updated about 8 years ago on . Most recent reply

User Stats

25
Posts
3
Votes
Jason Greenway
  • Warren, MI
3
Votes |
25
Posts

Starting My LLC via LegalZoom

Jason Greenway
  • Warren, MI
Posted

Hello friends,

I have decided that I am going to start an LLC to hold my 'buy and hold' real estate. However, going through the steps via LegalZoom, there are a plethora of 'options' and 'add ons' that I am not sure that I will need, or not need. Has anyone gone through the process, or anyone out there that has been going in the business for awhile know what I will and will not need of these add ons?

Thank you!

Most Popular Reply

User Stats

87
Posts
51
Votes
James Letchford
  • Rental Property Investor
  • Wyoming
51
Votes |
87
Posts
James Letchford
  • Rental Property Investor
  • Wyoming
Replied

@Jason Greenway Without getting into the debate of whether or not investors should/not have or use and LLC, here are some of my experiences:

  • I just went through the same process last year. I'm not going to lie, I got up-sold to the 'Diamond Package.' I was excited about my new business and couldn't help myself. The truth is, I probably didn't need everything I purchased, but did it anyway.
  • I probably only needed to get my LLC name cleared/approved with my filing state and a basic Operating Agreement. You can file for your own Tax ID pretty easily with the IRS.
  • I've used LegalZoom in the past, but I would highly recommend checking out Incfile.com and Bizfilings.com. They offer fast, clean, and reasonably affordable services.

Let me know if you have any questions.

  • James Letchford
  • Loading replies...