How to Create Your Own Corporation or LLC (the Easy Way)

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How to Create an Operating Agreement with Rocket Lawyer: youtu.be/Q4T3CTKu_8I

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For a more detailed blog post on how to start your business entity, be sure to check this out: retipster.com/how-to-start-your-corporation-or-…

If you’re serious about taking the right steps to start your business on the right foot, one of the first things you’ll want to get squared away is the legal formation of your business entity.

Most real estate investors (myself included) own their properties in the name of an LLC (aka – Limited Liability Company), and there are a few reasons why:

- An LLC can protect your personal assets from business-related lawsuits.
- An LLC has tax advantages that allow for “pass-through taxation” (whereas most other corporations are double-taxed).
- An LLC offers instant credibility with many of your customers.

Keep in mind, that I'm not an attorney and not trying to advise you on what type of legal entity you should form for your business. I have no idea what your goals and business objectives are, so I'm not saying that you should copy what I'm doing in the instructions above, I'm just showing you one of the many ways it can be done.

Forming your own corporation may sound like a complicated legal process, but it's actually quite simple and you can do it in a matter of minutes.

With an online service like MyCorporation (see above), you can avoid the mind-numbing minutiae of trying to figure out the process in your state AND save yourself hundreds of dollars by allowing them to walk you through the process.

Another alternative option is to hire an attorney since they can give you the best advice and make sure everything is being fine-tuned to fit your situation, but if you're on a shoestring budget (like I was in the beginning), a service like MyCorporation is probably your next best option.

Affiliate Disclaimer: Overall, I think Rocket Lawyer is a pretty solid option for forming a business entity, but your experience may vary. The links above is an affiliate link and at no additional cost, I will earn a commission if you decide to purchase this particular tool/service. I recommend this resource because it is helpful and useful, not because of the small commission I make if you decide to buy it. Please do not spend your money on this unless you feel it will help you achieve your goals.

#realestate #retipster #sethwilliams #realestateinvesting #corporation #llc

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