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Updated almost 8 years ago on . Most recent reply

Collin Schwartz's profile image
Collin Schwartz's profile image
Collin Schwartz
  • Rental Property Investor
  • from Papillion, NE
  • Member since Jan 19, 2017
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Collin Schwartz's profile image
Collin Schwartz's profile image
Collin Schwartz
  • Rental Property Investor
  • from Papillion, NE
  • Member since Jan 19, 2017
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Collin Schwartz
  • Rental Property Investor
  • Papillion, NE
1,006
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397
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Tax, SDIRAs & Cost Segregation

LLC - Pay an attorney or setup myself? (Omaha, Nebraska)

Collin Schwartz
  • Rental Property Investor
  • Papillion, NE
Posted

Are there any advantages of using an attorney when setting up an LLC for a rental property in Nebraska? My attorney charges close to $1,000 to form an LLC and I know I can do it on my own for much less. What are the advantages and disadvantages? Do I need to assign a representative, if so should they be a legal professional?

Also: I have a partner in the purchase who will NOT be under the LLC and will be partnering in the purchase under their name.

Thanks!

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Eric Siebert's profile image
Eric Siebert's profile image
Eric Siebert
  • from Omaha, Nebraska
  • Member since May 14, 2015
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Eric Siebert's profile image
Eric Siebert's profile image
Eric Siebert
  • from Omaha, Nebraska
  • Member since May 14, 2015
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Eric Siebert
  • Omaha, NE
15
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Eric Siebert
  • Omaha, NE
Replied

You can get on the Secretary of States web page and it lays it all out for you. Took me 30 minutes and a small amount of money. I'll save my attorney money for when I really need it.

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