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Updated about 7 years ago,

User Stats

378
Posts
306
Votes
Jim S.
  • Sterman, MI
306
Votes |
378
Posts

To form an LLC or not

Jim S.
  • Sterman, MI
Posted

I own 2 duplexes and I am considering buying an 8 unit. What are the advantages to forming an LLC. I know if there is a judgment against the LLC that is separate from my personal things. But what else. Is filing an LLC myself ok or should I have my attorney take care of it. Any idea what the cost would be to have an attorney do it for me? Would I have one LLC per property or just one LLC for all properties? I won't take anyone's opinion as legal advise. Thanks for you input.

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