Personal Name vs. LLC to help get rid of squatter/does it matter?

[Liz Murphy]

I recently completed my first investment purchase - a distressed home via auction.com. The previous owner was in the home when purchased and I have been battling with him in court since early May to get him out of the property. I bought the property in my name and made sure to get insurance. He has been picking up on any nuance and filing a ton of motions to extend his free stay at the property in NH. My lawyer is advising to convert the property to an LLC (at a $1K charge by him of course) and that will strengthen the case.

My Questions:

#1 - Understand may need more details but in general is converting my first purchase to an LLC really going to strengthen a case to get a past owner out of the property?

#2 - Setting up LLC in NH - $1K seems a bit much to set up - cheaper avenues I can pursue to do one?

#3 - Are there any other costs in NH ongoing if this is now in an LLC? Are there annual filing fees now?

#4 - I am planning to hold this property - any implications for my husband taking possession of property if something happens (If held in LLC in my name?)

Thanks for any insight on any of these questions.  This forum is amazing!

[Tucker McCarthy]

Hi Liz,

Can answer a few of your questions

#2 - It costs $100 and takes about 10 minutes to set up an LLC and can all be done online in NH. Just google New Hampshire Secretary of State Corporate Division and go to NH QuickStart. You'll get an email with your filing in less than 24 hours (typically).

#3 - Annual filing fee is $100 and is a 2 minute online form.