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Updated almost 14 years ago,

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3,143
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Jeff S.
  • Specialist
  • Portland, OR
1,065
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3,143
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Maintaining an LLC

Jeff S.
  • Specialist
  • Portland, OR
Posted

Talked to an attorney yesterday (large downtown firm) about forming an LLC(s). She said you have to maintain it by having meetings, writing resolutions about decisions and keeping minutes. Really? By myself? How do you do that?

She said in court if you can't prove that you are a business by conducting your affairs like a business they will laugh at you. I keep getting feedback about a rental or 2 not being a business, bankers.

I know a lot of you are in business but what about a working stiff with a few house/plexes? This weakens the idea of having individual houses in LLC's, at least in my mind.

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