Updated about 10 years ago on . Most recent reply
Setting up a LLC in Florida. Lawyer or online website??
A real estate lawyer asked $600 to setup a LLC and file at the secretary of state not including $137 fee from the state, and then he would help me to get a tax id for my new entity.
With a little research online I find websites like legal zoom that can do that less than half the cost.
Its a very simple LLC that me and my partner will have, nothing special, 50-50 ownership and pretty much very straightforward deal.
Whats your opinion for choosing the "cheap" way?
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#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
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#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
The establishment of the LLC and the TIN is easy. The Operating Agreement is especially crucial with partnerships. I wouldn't necessarily throw $600 at a random lawyer that also helps with the TIN (whoopy!) but I would spend that amount for a quality Op Agreement that address the Ds @Pavlos Kasselouris.