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Sheree Fullwood
  • Rental Property Investor
  • New York, NY
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37
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NY State LLC Formation Questions!

Sheree Fullwood
  • Rental Property Investor
  • New York, NY
Posted Mar 16 2016, 16:24

Hello my fellow BP (new & experienced) Investors,

So I recently reached out to the BP network inquiring abt a lawyer in the NYC area; I appreciate the referrals - they were super helpful! I cant help but say that I felt the attorney, although helpful, didn't want to take the time to really schedule a initial meeting for initial consultation, so I felt that my answers to my questions were a but lack luster. With that being said, my main concern was could I set up 1 LLC to start if Im purchasing or wholesaling in NY & GA? I was advised that I should set one up in each state that Ill be investing in. Also, could I set-up an LLC in a different state if Im going to start wholesaling in the NY area? Considering that LLC formation at a minimum is about $1800 ($600 for LLC & $1200 for publication) - Im looking to save a little on the initial cost.

That'd be greta if I could connect with an attorney or even receive a greta reference with an attorney who I can sit with & discuss my concerns.

Looking forward to all your feedback!

P.S. Looking to set the LLC up in the next few days. Thanks!