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Updated over 5 years ago,

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17
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2
Votes

LLC formation with Partner suggestion

Jefferey Chheuy
Posted

Hey everyone! Just had a question regarding LLC formation and what you guys think is the appropriate way to approach this. My brother and I have just gotten an offer accepted on a home. We want to form an LLC but are unsure if it's better to do a multimember LLC which was quoted by our lawyer to cost about 1,000 or if we should just create separate single member LLC's for about 500 each. Does it make sense to do one over the other?

Also anyone else familiar with costs of LLC. I got multiple quotes from different lawyers and seems like it fluctuates from the 400-700 range for single member with that 1k being the only multi-member quote I got.

I looked at trying to filing an LLC on my own but I'd only feel comfortable doing that if it was single member.

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