The cost to set up an LLC or Corp through an online reputable company is about $500... which entity is your choice and my advice would be to ask your CPA or Attorney....
The company I chose did the whole process for only about $250. PM if you would like the name. My state had a website where you could download forms to incorporate and the cost was only $90.
Once you've dtermined what entity is best suited to your needs, I'd suggest you call your Sec. of State office in your state. I recently set up an LLC in NH. It cost me about 30 min at the Sec. of States office, $85.00 fee and one form that I had my accountant FAX to me which I completed.
Good luck
Just a thought but I would hold rentals under the same LLC as I would flips due to dealer status. Talk to your accountant. If you use a LLC for flipping properties than you to pay self employment taxes. I would talk to an accountant first than an attorney. All the insurance in world will do you no good if your entities are piercable...
The cost to set up an LLC or Corp through an online reputable company is about $500... which entity is your choice and my advice would be to ask your CPA or Attorney....
Thank u.
The company I chose did the whole process for only about $250. PM if you would like the name. My state had a website where you could download forms to incorporate and the cost was only $90.
Best of Luck!
If you can do it yourself it will only cost you 87 dollars. I had someone print me out the forms, I filled them out and that was that.
Once you've dtermined what entity is best suited to your needs, I'd suggest you call your Sec. of State office in your state. I recently set up an LLC in NH. It cost me about 30 min at the Sec. of States office, $85.00 fee and one form that I had my accountant FAX to me which I completed.
Good luck
Thanks to all
Just a thought but I would hold rentals under the same LLC as I would flips due to dealer status. Talk to your accountant. If you use a LLC for flipping properties than you to pay self employment taxes. I would talk to an accountant first than an attorney. All the insurance in world will do you no good if your entities are piercable...
Opps i would NOT hold rentals under the same LLC as flippers (forgot the NOT).
Good luck...