How to Start an LLC and Recommendations for Setup Services

[Jay Moore]

Hello BiggerPockets Community,

I'm new to the world of real estate investing and am looking to start my first LLC to better manage my properties and protect my personal assets. I understand that forming an LLC can offer various benefits, such as liability protection and potential tax advantages, but I'm a bit overwhelmed with where to begin.

I'd appreciate any advice or recommendations on the following:

1. **Steps to Start an LLC**: What are the essential steps involved in setting up an LLC for real estate purposes? Are there any specific considerations for landlords?

2. **Best Services for Setting Up an LLC**: There are numerous services out there that assist with forming an LLC (e.g., LegalZoom, Incfile, Rocket Lawyer). Which ones have you used, and which would you recommend based on your experience?

3. **State-Specific Considerations**: Are there any state-specific requirements or tips that I should be aware of? I am located in CA, so any insights related to this location would be particularly helpful.

4. **Ongoing Compliance**: What are the ongoing compliance requirements for maintaining an LLC? How do you handle annual reports, taxes, and other obligations?

5. **Professional Help**: Is it advisable to consult with an attorney or accountant when setting up an LLC, or are the online services sufficient? If professional help is recommended, what should I look for in a good attorney or accountant?

6. **Additional Tips**: Any other advice or insights from those who have successfully set up and managed an LLC for their real estate ventures would be greatly appreciated.

I want to ensure that I set things up correctly from the start to avoid any legal or financial issues down the line. Thank you in advance for your guidance and support.