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Updated over 2 years ago on . Most recent reply

User Stats

5
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2
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David Garcia
  • Rental Property Investor
  • Eastern PA
2
Votes |
5
Posts

Should I have my Attorney or CPA make my LLC?

David Garcia
  • Rental Property Investor
  • Eastern PA
Posted

I know I can make my own LLC for significantly less than either, but I'd rather leave it to the professionals.
My Attorney charges more to make the LLC and another hefty fee to transfer the title from my own name into the LLC.  Do I necessarily need him to do this part?  My mortgage company wants me to wait another 6 months to do it but he says he can do it now.  Does it make a difference if my Attorney or CPA makes it?

Also a bit off topic but does anyone have any real estate attorney recommendations for Philadelphia?  Thank you.

Most Popular Reply

User Stats

59
Posts
77
Votes
Olia Fogel
  • Attorney
  • New York
77
Votes |
59
Posts
Olia Fogel
  • Attorney
  • New York
Replied

I did have clients who had LLCs formed by a CPA, however, it is usually an LLC without an Operating Agreement, and with the client being personally listed as the registered agent.

I would strongly recommend having an attorney set up an entity for you, especially if you intend on holding a real estate asset in this LLC.

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