Entity Setup Costs in Minnesota
Hello All,
I am new to BiggerPockets but I already find myself spending significant time researching all sorts of topics that have been posted. I have recently got a quote from a law firm, to create a living trust that holds an LLC formed in Nevada that is taxed in an S-corp with a Foreign Qualification to do business in Minnesota. The pricing was as follows:
Living Trust: $2,700
LLC: $1,200
MN Foreign Qualification: $100
These prices did not include the cost of the fees that the states would charge for the LLC creation and the MN Foreign qualification Designation. I guess my question is regarding the living trust; Does this seem high to anyone? Or is that about the going rate for what I am looking for? Any advice or good leads on legal counsel in Minnesota that have experience in real estate would be great. Thanks in Advance!