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Creating a Limited Liability Corporation

Posted on 6/2/11 at 1:25 pm
Posted by BoudinJoe
Member since Oct 2007
1918 posts
Posted on 6/2/11 at 1:25 pm
I'm planning to create an LLC for liability and tax purposes for a piece of land that I own. Do I need to go through an attorney, or can I do this myself on LegalZoom.com?
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
477904 posts
Posted on 6/2/11 at 1:34 pm to
what state?
Posted by BlackenedOut
The Big Sleazy
Member since Feb 2011
6064 posts
Posted on 6/2/11 at 1:35 pm to
To create an llc, assuming you are in Louisiana, you can do so at the Secretary of State website and create the llc there without needing an attorney or legal zoom. LINK

Now to put the land in the name of the llc and for other related matters such as an operating agreement, etc... you may want to consult an attorney. The board is dripping with them.
Posted by BoudinJoe
Member since Oct 2007
1918 posts
Posted on 6/2/11 at 2:47 pm to
I will need to create the LLC in Texas. The land will be owned by the LLC and I will also be opening a banking account in the LLC's name.
Posted by wrlakers
Member since Sep 2007
5919 posts
Posted on 6/2/11 at 10:10 pm to
quote:

Creating a Limited Liability Corporation


I will need to create the LLC in Texas. The land will be owned by the LLC and I will also be opening a banking account in the LLC's name.


There is no reason not to get an attorney. I am an attorney in Texas. I don't actually form LLCs for clients, the transactional group does it. But the filing fee is maybe $600. For a single member LLC, they have standard forms. There may be other fees, too. I'm not sure. I do know that we have a paralegal do most of the filing and getting the federal tax ID stuff at minimal costs. The attorney's fees are not much. I want to say that the whole deal is probably $1000 and it gets done right, whereas you can save the additional $400 and maybe not do everything necessary. Better way to go is pay the attorney and get it done right. Make sure you hire an attorney who does this all the time. You don't want to pay for the attorney to figure out how to do it.
This post was edited on 6/2/11 at 10:11 pm
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