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Updated over 5 years ago on . Most recent reply

User Stats

50
Posts
16
Votes
Kyle Nigro
  • Rental Property Investor
  • Wantagh, NY
16
Votes |
50
Posts

How to set up an LLC

Kyle Nigro
  • Rental Property Investor
  • Wantagh, NY
Posted

Hello everyone,

I just purchased my first rental property. I am currently working on getting a EIN and opening a business checking account for the property. Once I do that, I would like to transfer the property to an LLC. This is in St.Louis and don't know what laws pertain to this. I am from NY and many investors I spoke to said it was odd that an attorney was not doing this for me. If anyone could assist that would be great! Thanks!

Most Popular Reply

User Stats

66
Posts
58
Votes
Brian Hamel
  • Nashua, NH
58
Votes |
66
Posts
Brian Hamel
  • Nashua, NH
Replied

@Kyle Nigro

I set up a LLC in NH. It was easy. Went on the state website and did a search for names that were available and bought one for $100. It's like getting a fishing license from what I can see.

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