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re: Creating an LLC for beach condo
Posted on 5/10/24 at 2:23 pm to baldona
Posted on 5/10/24 at 2:23 pm to baldona
People get hung up on "forming" an LLC. It's an online form, which takes 20 minutes to fill out and is so easy a Rummel grad could do it.
But if you don't know why you're forming the LLC, or how to structure everything, just having the SoS certificate isn't going to do much for you. For example you can form it as an Louisiana LLC, sure. But do you know how to register it to do business in Alabama? All of a sudden you're dealing with two states' llc laws, not one. And maybe that makes sense or is no big deal, but it is a step you have to research and think through. There's a bunch of stuff like this.
To be clear - none of this is incomprehensible or unmanageable once you know what you're looking for. The unknown unknowns would nevertheless cause me to at least call an Alabama lawyer or two and ask.
But if you don't know why you're forming the LLC, or how to structure everything, just having the SoS certificate isn't going to do much for you. For example you can form it as an Louisiana LLC, sure. But do you know how to register it to do business in Alabama? All of a sudden you're dealing with two states' llc laws, not one. And maybe that makes sense or is no big deal, but it is a step you have to research and think through. There's a bunch of stuff like this.
To be clear - none of this is incomprehensible or unmanageable once you know what you're looking for. The unknown unknowns would nevertheless cause me to at least call an Alabama lawyer or two and ask.
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