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Updated over 1 year ago,

User Stats

20
Posts
8
Votes
Mike Downey
8
Votes |
20
Posts

Where do I start with creating an LLC?

Mike Downey
Posted

Hello,

I am closing on a home in Panama City Beach, Fl. I have 2 partners that are putting in money toward all the expenses involved in purchase and startup of this property as a short-term rental. All 3 of us live outside of FL. We plan to split the expenses and profits according to the percentage that we contributed in purchasing the property and we plan to share the burden of property management. We are looking into starting an LLC with an operating agreement that lays out the rules for distributing expenses/profit sharing etc.

I am looking for advise on where to start with generating this LLC/operating agreement? What state to create it in? Is it worth paying a service to be the registered agent or should we designate one of the partners and use their address for the LLC?

We are looking into "Legalzoom" as a starting place. 

Thank you!

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