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Updated over 7 years ago on . Most recent reply

Account Closed
  • Sicklerville, NJ
6
Votes |
39
Posts

Forming an LLC from the ground up

Account Closed
  • Sicklerville, NJ
Posted

Hey Guys,

My 3 Partners and I are in the process of looking for an attorney to help us legally form our LLC in New Jersey. The LLC will be a property management company, but will grow into a company that pools together private funds to do real estate deals also in the future. I have read from previous posts that Legal Zoom is a big No.My two questions are:

1. Do you have any recommendations on Good attorneys for this specific task?

2. How much does company formation typically  cost?

Thanks!

Most Popular Reply

Account Closed
  • Investor
  • Cleveland, OH
147
Votes |
118
Posts
Account Closed
  • Investor
  • Cleveland, OH
Replied

@Account Closed for getting an accountant as you'll have to generate K1s for each of the partners.

I used an accountant for the first year then started doing them myself with their template.

With regards to client money you need to be careful. Taking client money (and a fee) especially if they are not accredited investors puts you into a different position. Talk to an attorney about this when the time is right.

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