Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

3
Posts
0
Votes
Matthew Karmazyn
  • Whitehall, PA
0
Votes |
3
Posts

LLC Operating Agreement Strength

Matthew Karmazyn
  • Whitehall, PA
Posted
I just purchased an LLC from Inc Authority. The guy is now trying to get me to pay for an operating agreement. I was planning on just finding some basic one online sine I don’t plan to have anyone else on this LLC ever. He insisted an operating agreement online would not hold up and would not provide me the full legal protection of an LLC (quite generic). Somehow his operating agreement signed by a lawyer is stronger than one signed by myself and notarized, is this true? He is also trying to get me to pay extra for “membership certificates” saying I have no way to legally validate that I own this LLC without them which sounds like completely bogus since my name is registered to the LLC. I’m not sure how a certificate adds any validity or proof of ownership. Since I’m the only one ever planning on being in the LLC I se no need for membership certificates. Do I need this certificate to prove ownership of the LLC, and do they provide any protection for my personal assets? My only two goals for the LLC are to open a business bank account, and to protect my personal assets from any type of lawsuit that might occur.

Loading replies...