LLC location in TX or AZ

[Robert Loree]

Hi. I'm looking to purchase my first properties in Phoenix, but I live in El Paso,Tx. I am approaching contract and would like to purchase with a LLC or transfer soon after purchase (lender says this is not a problem). There is a lot of conflicting information in regards to LLCs. Should I set up the LLC in my home state of TX or where the properties are located in AZ? Also is there a reason I shouldn't use legal zoom(or competitor) to set this up, or should I specifically reach out to a real estate attorney?

[Bob Okenwa]

If the properties are located here and you plan to have them in an LLC, you'd need to file out here since you are transacting business here. As far as setting one up goes, it's pretty straightforward here. Go to LLCuniversity.com to set it up yourself for free. I'm not affiliated with them at all, just used them for my own LLC and just followed the steps. As far as using an attorney, you don't need one to file the paperwork but you should consult with one if you have any questions about legal concerns or operating agreements etc.