Setting Up LLC

[Michael Lamb]

I am just starting out. I don't own an investment properties yet. Every time I listen to BP and they are talking about having your LLC set up properly, come tax time, I never know what they are truly talking about. I've called around to local CPAs, to start the conversation, but with tax season, no one is taking on new clients. I am excited to get started and I am ready to make my first offer. With all that being said, I think I want to get an LLC set up, so I can get all my lease agreements together and bank account set up, etc… I just don't want to mess it up.

Is there a wrong way to get up an LLC? If so, what pitfalls should I be aware of?

Thanks in advance!

Mike

[Jack Tulloch]

You will want a lawyers advice opposed to a CPA when it comes to setting up an LLC. I recommend searching online for your states regulations and speaking with a real estate attorney.