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)