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Updated over 5 years ago on . Most recent reply

Cale Pell's profile image
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Cale Pell
  • Member since Feb 15, 2019
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Cale Pell's profile image
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Cale Pell
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Cale Pell
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Starting Out

LLC startup - is lawyer needed?

Cale Pell
Posted

Looking to start investment properties again in the Sioux Falls, SD area. I have decided to set up an LLC. Is a lawyer necessary for a rental property business start-up?

If yes, please list recommendations if you know of any practicing in South Dakota. 

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Benjamin Aaker's profile image
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Benjamin Aaker
  • Rental Property Investor
  • from Brandon, SD
  • Member since Sep 6, 2015
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Benjamin Aaker's profile image
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Benjamin Aaker
  • Rental Property Investor
  • from Brandon, SD
  • Member since Sep 6, 2015
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Benjamin Aaker
  • Rental Property Investor
  • Brandon, SD
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Benjamin Aaker
  • Rental Property Investor
  • Brandon, SD
Replied

For your first one, I recommend an attorney. I used Legalzoom and it was very cookie cutter but if you are a single-member LLC than you can change it as needed and reuse. If you are bringing on a partner, I'd suggest an attorney. I use Eric Kirkvliet at Lynn Jackson. He has also done a PPM for me.

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