Dallas-Fort Worth Real Estate Investor Club

Setting up an L.L.C

  • 09 Sep 2010 11:37 AM
    Message # 415811
    Hey there everyone. I have been wholesaling for at least 2 years and have just decided to file for my llc. Looking for any info for filing in out of state locations. Which I heard through some of the best mentors too file in certain states. Could someone give any feedback too this matter as I am filing here within the next few days. Also a good amount that it generally cost for this service through an lawyer. Thanks. Also have good wholesale rental deals and even retail Send email for info mujah.vernon@att.net
  • 10 Sep 2010 5:04 AM
    Reply # 416236 on 415811
    Deleted user

    I'd suggest you visit with Abid Hussain (attorney - (214) 503-7509) and Jacenda Anderson (accountant - (817) 885-9189) about how and where to file, as well as what corporate entity to choose. They are both investors and thoroughly conversant with our special needs.

    Please do all of us a favor follow up back here letting us know what they say.

    I see looooots of national "gurus" out there advocating fling in out of state locations and using exotic corporate structures; but after talking with attorneys and tax professionals, I have yet to see more than a handful of investors actually choose to do that.

    If there's anything else I can help you with, please let me know.

    -Greg Wilson ("The REI mentor" -- www.reimentor.com)

     

  • 10 Sep 2010 8:42 AM
    Reply # 416293 on 415811
    Deleted user
    Agreed with Greg. You don't have to get exotic, you just have to do it smart and plan out how your entity grows with your business. I am speaking about this very topic next Saturday (9/18) at the Dallas location of DFW REI Club. Hope to see you there.
  • 10 Sep 2010 11:44 AM
    Reply # 416396 on 415811
    Deleted user

    I agree with both Greg and Abid. It is always better to discuss this with an attorney and accountant.  Beware of setting a company up online without guidance. Sometimes it will cost more to fix mistakes made than to invest a little in the beginning.  Make sure you know all the state regulations (if you set it up out-of-state) and the IRS regulations. 

     

    Jacenda Anderson

    Jacenda's Bookkeeping

     

  • 15 Oct 2010 10:56 AM
    Reply # 444648 on 415811

    Would like too thank all for their suggestions and would definately like to thank Abid for his services. He was extremely professional gave me all aspects of the LLC and was very timely in getting me setup. I am offically a real company and looking too providing some very good properties for cash flow or retail market. Their price was very affordable and would recommend them for anyone looking for real estate attorney services. VFP Real Estate Solutions L.L.C is up and running and have wholesale deals available. email or call for some of our available properties or to be put on our email list as we serve all of the DFW metroplex: mujah.vernon@att.net or vernfamproperties@ymail.com or by cell (682) 438-2048

    Thanks and look forward too making the rest of this year profitable too all involved.

Powered by Wild Apricot Membership Software