I Want To Start An LLC in MA - What's the most cost effective way?

[Stefan Fabry]

Hi, I'm ready to get started with investing in RE.

Please share what you found to be the most cost-effective way to register an LLC.

I would appreciate that a lot, thank you

Stefan 

[Kory Reynolds]

DIY will be the "cheapest" - you can set up an account on the MA DOR website, register your LLC, you pay over the whopping $500 MA charges you to register an LLC, and voila, you are off to the races. You then file the annual report each year and continue to fork over another $500 annually.

Next "cheapest" will be legal zoom or a similar service, I believe they'll help roll the registration with the state into the start up package.

I use "cheapest" in quotes - the primary purpose of an LLC is typically to provide some level of asset protection. If you are interested in this being a real level of asset protection, with someone to support you in setting it up the way that will accomplish your goals, hire an attorney. It could very well be the route that is "cheapest" now, ends up being substantially more expensive down the road.

If the costs above are not worth it to you...maybe pass on the LLC and get yourself a good insurance policy, and maybe an umbrella policy personally.