So confused about forming an LLC for real estate
Hi,
Can someone please fill me in on the details of how to form an LLC for buying a real estate from filing for to closing? We have studied and decided with a CPA that we will form an LLC, so that`s not a question, but here are the unknowns:
1) When I prepared the form (Article of Organization) for filing for LLC in Michigan - it just asks for organizer (submitter name) and they do not really need an Operating Agreement, but then where do we say who are the members?
2) Lets say after filing that I got a tax identification number and opened a bank account for the LLC and the title is prepared for the LLC. Then what else do I need to do before closing and now at this point, who knows my connection to the LLC?
Thanks also much, this info is really not existent anywhere.
Note: I have also contacted a lawyer, but want to do most of it myself in case it is not needed and to reduce lawyer fees.
Thanks very much!