Forming a LLC in state of New Jersey

[Dharmesh Shah]

Currently I am a buy and hold investor in state of NJ. I do own all properties under my personal name (liability is covered through an umbrella policy). I am planning to open a LLC for future property purchase. Can someone suggests a best way to open a LLC in state of NJ for rental business.

I prefer to open a two member (my wife and myself) LLC for this purpose.

[Patrick Liska]

Either hire an Attorney to do it or you can go online with the state and file it all your self: https://www.nj.gov/njbusiness/registration/

you will also have to get a FEIN number as well, which can also be done online.: https://www.irs.gov/businesses/small-businesses-se...

and you can get an llc formation book/ binder ( usually i get the 1st one - #6) here: https://www.mburrkeim.com/outfits/compact.htm