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Updated over 6 years ago on . Most recent reply
What is the average cost of an LLC? Should I get one?
So I have 3 properties under my name. My primary residence and two investment homes. The two investment homes are worth around $350k and 250k. Is it recommended to get an LLC for two properties?
What is the average cost in an LLC? I have a friend who paid $5000 to a law firm to create it for him and 2000/yr after that. That seems very high.
Thoughts?
Most Popular Reply
I believe the fee for a DIY LLC formation in Florida is $160 and about $140/year for an annual filing. The fee you mentioned is very excessive. Now, whether or not an LLC is necessary in your case is probably a good conversation to have with an attorney.
- Daniel Hyman
My Online Accountant
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