Setting up a RE Investment LLC

[Anthony Ogletree]

Hello all! I was wondering if anyone knows if I can setup an LLC by myself with just paying my state fee (125 bucks in PA) and then once I start to generate some capital have a RE Attorney look at it and make any changes/ adjustments to it at that time? I don't really have the bread to have an attorney set it up for me now but I'm sure that once I get a few wholesale deals done I can have one look at my setup and advise me of any changes I should make to the LLC.

[J Scott]

Originally posted by @Jeffrey Morris:

Yes, it is. I just finish setting mine up. I went a different way. I set mine up out of Nevada (laws are different). Once I start making some deals I will file in my state of MA.

You will still likely have to register the LLC as a foreign LLC within your home state. And you'll certainly need to pay MA taxes if you're doing work in that state, regardless of where the LLC is registered.

Registering in a different state causes more headache than it saves, in my opinion...