LLC question
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LLC question (by Plenty [MO]) Jan 25, 2022 12:59 PM
       LLC question (by Ray-N-Pa [PA]) Jan 25, 2022 3:47 PM
       LLC question (by Sisco [MO]) Jan 25, 2022 4:19 PM
       LLC question (by Ken [NY]) Jan 25, 2022 4:23 PM
       LLC question (by 6x6 [TN]) Jan 25, 2022 5:16 PM
       LLC question (by plenty [MO]) Jan 25, 2022 5:52 PM

LLC question (by Plenty [MO]) Posted on: Jan 25, 2022 12:59 PM

Found a house to buy for a rental. Missouri LLC set up as solo member the members names are My and and Spouses Name... It will flow into ola schedule E. Now I am working on Operating agreement, ok to put same names on that --- My name and Spouses Name? I wouldn't be doing this but lender requires LLC and Operating Agreement.

LLC question (by Ray-N-Pa [PA]) Posted on: Jan 25, 2022 3:47 PM

sample provided

LLC question (by Sisco [MO]) Posted on: Jan 25, 2022 4:19 PM

Yes Plenty, the people who are authorized by the LLC to buy, sell, lease, rent, evict, borrow,lend, hire, fire, or enter into any other type of agreement or contract on behalf of the LLC must be named in the operating agreement.

Tip, scan a copy and keep the file easy and quick to find on your computer. Be ready to attach to your emails.

LLC question (by Ken [NY]) Posted on: Jan 25, 2022 4:23 PM

Not sure about your state but in my state we have to publish the LLC in 2 local papers legal section as determined by the county clerk,if that isnt done in a certain length of time it is not legal and you will have problems selling or refinancing

LLC question (by 6x6 [TN]) Posted on: Jan 25, 2022 5:16 PM

Following. I'm already lost.

LLC question (by plenty [MO]) Posted on: Jan 25, 2022 5:52 PM

i have no idea what I'm doing, but our state makes it very easy and i am applying for a loan and they require an LLC, so i figured today I would learn, thanks everyone. it's done and submitted. Special thanks to Ray for a quick sample!

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