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Updated over 3 years ago on . Most recent reply

User Stats

41
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15
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Toni Conway
  • Rental Property Investor
  • SF Bay CA - Investing OOState
15
Votes |
41
Posts

Attorney for LLC formation or do it myself?

Toni Conway
  • Rental Property Investor
  • SF Bay CA - Investing OOState
Posted

I'm very curious what this team thinks of hiring attorneys for forming an LLC vs doing it yourself on line?

I have talked to several attorneys in 3 states (since my homes are in 3 states), and done some cost research on line for "do it yourself" formation as an alternative.  

It does not seem to be very difficult nor does the ongoing annual maintenance of the "business" seem out of line for what I can do myself.  

Am I missing something that an on line do it yourself option might be missing that an attorney will do for me to justify hiring someone vs doing alone?

Thank you so much for your advice!

  • Toni Conway
  • Most Popular Reply

    User Stats

    1,819
    Posts
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    Karl B.
    • Rental Property Investor
    • Erie, PA
    2,868
    Votes |
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    Karl B.
    • Rental Property Investor
    • Erie, PA
    Replied

    Me personally, I set up the LLC myself and had a RE attorney write up an Operating Agreement (he charged me $250 for that but I can always reuse it for future RE LLCs).

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