LLC's: CPA or Attorney to set up?
Just wanted to see what everybody's thoughts were. I got a quote of $1,200.00 from my attorney to set up an LLC for me. I've got a buddy who's wife is a CPA, and he tells me he can get her to set me up an LLC for $600.00. This would be ideal, as I need one for my Property Management business, and one for my real estate holdings. Anyone have any experience with having a CPA set their LLC up? I don't mind spending the extra money, but saving $1,200 would be pretty substantial. Thanks!
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I live in Oregon and it only costs $100 to set up an LLC online; however, if you need it to be more than general or for more than just a single owner you may need to consult an attorney. I had my CPA guide me in the right direction (saved me several hundred by telling me I could do it myself) but as far as CYA (covering your a$$) I would refer to an attorney. But again, if what you need is simple, $1,200 seems like a hefty fee.