All Forum Posts by: Loren Martin

Thanks for your feedback Simon

Hi all,

I feel like maybe I’m over thinking this….

Last year my wife and I bought a townhouse as an investment to rent out to tenants. I now want put the property in an LLC to protect our liability. I have used a basic registered agent service and set up an LLC. After reviewing the paperwork I realized it is now a partnership LLC (because two people). My CPA confirms it is preferable for simplicity I should only have a single member LLC.

My question is this: which is more hassle? 

To move forward with partnership LLC ( being just my wife and I)

Or

Amending my LLC with the state?

- is it a problem to do a quitclaim deed from both of us to myself only in LLC?

As I said, am I overthinking this?

Thank you,

Loren

Hi Tom, I’d be interested in your event. I’m interested to learn more about investing in the commercial space. I really don’t know my travel schedule that far out but I’m reaching out to make a few more connections as I’d like to get my feet under me investing a bit more. It looks like maybe you were out on the East coast but are now in Minnesota, is that right? Welcome!

Hi Tom, I’d be interested in your event. I’m interested to learn more about investing in the commercial space. I really don’t know my travel schedule that far out but I’m reaching out to make a few more connections as I’d like to get my feet under me investing a bit more. It looks like maybe you were out on the East coast but are now in Minnesota, is that right? Welcome!