I'm trying to save some money to increase my ROI. I currently have one LLC in WY which owns an LLC in Indiana that owns a property. I'm not a resident on the US, so, I'm using a company to help have a presence in the US, but the expenses are starting to hurt. They are charging me:
Minutes preparation in IN $150.00 Registered Agent Fee in IN $125.00 Admin fee in WY $35.00 Minute preparation in WY $150.00 Registered agent fee in WY $125.00 WY Filing fee in WY $52
and with that a month of rent is gone.
So, my first question is, do I need to do the minute preparation every year?
Do I need the register agent? I guess so. Is that a reasonable price for it?
Are these monthly expenses? Surely not. However, these are legitimate expenses that create a valid entity. These documents make the difference between a piercing the corporate veil and not. I suggest you keep the course. These are simply start up costs.