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You can set up the real estate LLC online or with the help of an attorney.Here are the six steps to starting a real estate holding company: You need to set up the LLC that you’re going to put your properties in.Each state has its own LLC office, and it’s generally associated with the Secretary of State’s Office.
Generally, you need to get your EIN number first; the order in which you create articles of incorporation and an operating agreement doesn’t matter.
You will need the following documentation when you form an LLC: You can apply for an EIN number online on the IRS’ site. Basically, you can apply online if your business is located in the United States or its territories.
But to reap all the benefits of a holding company, there are actually a few more steps you can’t afford to miss.
This is especially true if you’ve yet to purchase the real estate that will be held by your new real estate LLC.
It’s a simple document that usually lists the company’s name and address. An LLC can have one member or multiple members, and these members will be listed on the LLC operating agreement.
This operating agreement defines the roles of each of the members, and should be signed by each member.Part of this setup process includes choosing a name for your holding company.You also need to register it with your state, register it with the IRS, and receive an employee identification number (EIN).You can get the sample form from an online legal form service like Rocket Lawyer, your attorney, or an office supply store.An LLC operating agreement should include: Once you have your business entity established, many people assume the next step is to transfer ownership of a property to it.We recommend working with a real estate attorney because specific paperwork is needed for an LLC.However, if you use Rocket Lawyer, they will give you a list of paperwork to file with instructions on how to do so.Business plans holding company plan south africa doc template pdf examples does.If you look at most successful businesses, they usually have one thing in common: a commitment to a specific goal or objective.If you are looking to incorporate, get your LLC started today with Rocket Lawyer.Simply fill out a short online questionnaire and they will prepare your LLC documentation. Visit Rocket Lawyer Starting a real estate holding company is generally pretty simple and inexpensive.