Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply presented by

User Stats

18
Posts
1
Votes
David Klein
  • Rental Property Investor
1
Votes |
18
Posts

LLC in New Jersey need advice

David Klein
  • Rental Property Investor
Posted
I am looking to start an LLC for buying homes, whether I rent or flip figure it is the right move. I was unsure of what was needed I googled it and a ton came up saying $25, $49, $79... after walking through each had a basic, Deluxe, and Premium? What do I need? Should I use legal zoom? Looks like the main difference on legal zoom between a basic and a Premier is the Company Certificates and seal? Do I need these is it worth the difference? Basic is 4 times less than Premier. Not trying to cut corners but rather not spend what I could otherwsie invest. Thanks for the help.

Most Popular Reply

User Stats

16,984
Posts
13,327
Votes
Ned Carey
  • Investor
  • Baltimore, MD
13,327
Votes |
16,984
Posts
Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

If you want to do it yourself to save money check out NOLO Press' website. They have good information and books for self help legal info. I have "Form Your Own Limited Liability Company" from them.  I learned a lot of the basics from that book. 

Even if you chose to work with an attorney, researching LLCs in advance will help you better communicate and understand the attorney's recommendations. 

There is more to an LLC that just creating it with your state. You need to know how to operate it properly. I wouldn't use an online site like Legal Zoom unless I understood the basic concepts of LLCs and how to run them.

Now that I know the basic concepts I still don't use them. I Create and LLC myself and walk into the state office and get one set up while I wait for no additional fees other than the state charges.

  • Ned Carey
  • Loading replies...