Updated over 13 years ago on .
Virginia is so Business Friendly for setting up LLCs
In 2008, I set up an LLC for my QuickBooks Consulting business. I just filled out a simple 1-pg Articles of Organization form and mailed it in with $100. That was simple.
I have a e-book by Eric Medemar, "The Ultimate Wholesaling System", which talks about having a pocket LLC in case you have a wholesale contract that can't be assigned such as REOs and short sales. Once you get the contract written up with the LLC as the buyer, you can then sell the LLC.
Fast forward to today. There's a property in Washington, DC I'm interested in. I'll be talking to the listing agent tomorrow. I set up an LLC in the name of the street, where the property is located on. I did it online and paid my $100. Immediately, I got a link to print my new LLC certificate. The property isn't an REO or a short sale as far as I know. But still, MLS listed properties are still hard to assign, but generally it's up to an agreement between the buyer and seller.
I love doing business in Virginia.