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85
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49
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David Ripplinger
  • Layton, UT
49
Votes |
85
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Attorney for setting up LLC for BRRRR

David Ripplinger
  • Layton, UT
Posted

Hi everyone. I'm looking for recommendations of attorneys that would be good at setting up an LLC for doing a BRRRR project in California. The project is specifically in Oakland, but that part probably doesn't matter. I'm hoping to get the LLC set up quickly.

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268
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106
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Simon Stahl
  • Rental Property Investor
  • Oakland, CA
106
Votes |
268
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Simon Stahl
  • Rental Property Investor
  • Oakland, CA
Replied

That's probably not what you want to hear, but why do you need an LLC? I jumped the gun a few years ago and formed one. Cost me tons of money for nothing. You'll have to pay the $800 franchise tax in California and it makes everything more complicated. I ended up cancelling the LLC and holding my properties in my personal name. Just make sure you have a good liability insurance.

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