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Updated almost 10 years ago on . Most recent reply

Charlene Garrison's profile image
Charlene Garrison's profile image
Charlene Garrison
  • Investor
  • from Detroit, MI
  • Member since Jun 9, 2015
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Charlene Garrison's profile image
Charlene Garrison's profile image
Charlene Garrison
  • Investor
  • from Detroit, MI
  • Member since Jun 9, 2015
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Charlene Garrison
  • Investor
  • Detroit, MI
12
Votes |
32
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Tax Liens & Mortgage Notes

Setting up an LLC in Michigan

Charlene Garrison
  • Investor
  • Detroit, MI
Posted

I have been advised to set up an LLC. How much money should I plan to spend on this?

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Jeff Rabinowitz's profile image
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Jeff Rabinowitz
  • Investor/Landlord
  • from Farmington Hills, Michigan
  • Member since Dec 7, 2011
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Jeff Rabinowitz's profile image
Jeff Rabinowitz's profile image
Jeff Rabinowitz
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  • from Farmington Hills, Michigan
  • Member since Dec 7, 2011
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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
Replied

@Charlene Garrison, it is unlikely that you need a LLC if you are just starting out but if you decide to form one Michigan has a simple online application. You can easily complete the form for a single member LLC in 10 minutes. It costs $50 to start the LLC and there is a $50 annual fee to keep it active. There is no need to pay anyone to do this for you.

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