OfflineHi everyone!
I'm in California and I have been working my JOB and learning everything I can about investing in Real Estate. I'm fortunate in that my JOB is at an accountant's office. Funny how I never paid attention to those financial statements and the other day to day things that pass my desk other than to do my little part to each project. But with my new business, I now have a lot of questions. I wanted to share some inside information on forming an LLC. I spoke to a RE lawyer and also another business that "helps" you set up your business entities. The cost quoted was anywhere from $1,999 to $3,500. OR... in California you can follow these directions and do it yourself for $70.
Go to the Ca Secretary of State website
Business Programs - Forms & Fees
Limited Liabillity Companies
Articles of Organization (Form LLC-1)
You will find the instructions and form to fill out. You can either print it and fill it out or fill it in on the computer. You will need to print it and mail it along with your check for the fee as they do not let you submit online.
In California there is a minimum of $800 in taxes you pay annually.
You may wish to apply for an EIN number first or just use your social.
Hope this is helpful.
P.S. I also found the form for Lousianna by going through basically the same steps.
"Faith is taking the first step even when you can't see the whole staircase."
~ Martin Luther King, Jr. (1929-1968)
I thought it really awesome information. No comments?
"Faith is taking the first step even when you can't see the whole staircase."
~ Martin Luther King, Jr. (1929-1968)
www.beaconinvestorsgroup.com
Great tip, I had the papers printed and in my hand in less than ten minutes!!
Another piece of the puzzle almost in place.
Carl
I do appreciate the comment and am so glad that I could help. We all have different specialties and contacts. I've gotten a lot of valuable information on this site.
I am learning so much. Reading a book on being an entrepreneur and it emphasize how important it is to set the base of the business up in order to succeed.
We will be putting in our first offer this week!
"Faith is taking the first step even when you can't see the whole staircase."
~ Martin Luther King, Jr. (1929-1968)
www.beaconinvestorsgroup.com
I am glad you posted this. I actually did this myself using these same steps last year but never thought to post them so thanks again.
Anita
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TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
Thanks for taking the time to post this information. It is great when other DG members share information that can help the rest of us. I always believe the information is out there that you need, sometimes you just need to know where to find it. Also, the more information we share the more we receive and learn. The power of information is a wonderful thing. Good luck with your future deals! Believe and Achieve!
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