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Updated over 3 years ago, 07/10/2021
LLC (Single Member) - Set Up in California
I am new to the forum and I am glad that I found this. I actually have two properties (still paying mortgages) in CA and I am planning to turn one of them into a rental property. I've researched, watched and read many and I would your expertise on LLC (Single Member);
Q1) Should I create LLC on my own or should I use online service (Legalzoom)? Any feedbacks on Legalzoom? Pros and Cons?
Q2) Once created LLC, what type of insurance should I get for rental property?
Q3) Any other items that I need to get?
Like I mentioned, I am new to this so your feedbacks would be appreciated. I am planning to purchase more properties down to road (not right away).
Thank you in advance.