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Tax, SDIRAs & Cost Segregation

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Benjamin Seibert
  • Investor
  • Frederick, MD
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352
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LLC Formation - Maryland

Benjamin Seibert
  • Investor
  • Frederick, MD
Posted Apr 8 2020, 06:29

I know this general topic has been talked about ad nauseam but I couldn't find an old BP article on this specifically. I am about to purchase my second BRRR rental property and am looking to set up an LLC for it (putting both of my properties in the LLC). Because of the coronavirus the local attorney's aren't able to set up a meeting, so I was looking to set up the LLC myself. I'm just looking to set up a simple LLC for holding my rentals. I would like the LLC to be set up correctly to mitigate liability (I know it doesn't defer complete liability and understand its limitations). Is it feasible to set up a proper holding LLC for myself without an attorney or would you recommend seeing an attorney for this?

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