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You've decided you need an LLC for your real estate investing or
small business. But the attorney wants several hundred dollars
or more to fill out the paperwork. Isn't there a cheaper way to
set up an LLC? You bet. You can do it yourself.
An LLC formation, by design, is very straight forward. To set up
an LLC, you file articles of LLC formation or
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Bulletproof" Your Wealth with Family Limited Partnerships and LLC's A limited partnership is a partnership that has at least one limited partner and one general partner. Most states require the filing of a certificate with the state in order to be recognized as a limited partnership.The limited partners generally have no liability beyond their contribution to the partnership. If the limited
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Many people are surprised to learn that the LLC business entity is a fairly recent phenomenon. Wyoming was the first state to legislate the creation of LLCs in 1977. Most states didn’t jump on the LLC bandwagon until 1988 when the IRS classified the LLC as a pass through entity for tax purposes. This ruling turned LLCs into the popular monster
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