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Updated about 7 years ago,

Account Closed
  • Roselle, NJ
16
Votes |
75
Posts

Help with setting up company structure to flip properties? LLC?

Account Closed
  • Roselle, NJ
Posted

Hi all,

I'm looking to register an official entity to do business through. Should I do an LLC through Legal Zoom? How much should I spend on this?

I spoke with a local investor who has given me some advice and he has told me that I can do it online or even through a local RE Attorney for $200-300. I would be the sole owner of whatever entity I chose to go with but would look to partner with some private money on some of my deals. I did some research on BP about this topic but it's a bit all over the place for me, I'm seeing costs of upwards to $3000, that isn't what I was expecting at all.  What do you suggest?

And down the line if I want to get into rentals, should I form another entity to keep these businesses away from one another.

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