Marketing Your Property
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 14 years ago,
Maintaining an LLC
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.