Verified FBN Member (SD)

Business

Who/what did you go through to set up your LLC?

I'm looking to set up an LLC or 2. I have been told to set up 2, one owns everything, the 2nd rents everything from the first to conduct business (custom work and such). I have Livestock and a little bit of machinery, no land. The farm looks like it will be gone after my folks go through a nasty divorce. I'm looking to protect myself through their divorce (I own some stuff at dad's and some equipment with him 50/50) and because I plan on doing some custom fixing/manufacturing of farm stuff when the farm is gone.

What way do you recommend I go? Talk to a lawyer? (I've been trying to find someone to do it for a while now, no luck) Or do I set one up myself online?

Live in South Dakota if that makes a difference. Any advice appreciated, thanks!

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Verified FBN Member (CO)

A lawyer wouldn’t be a bad idea for your situation just to make sure things get “secured” from the divorce. That being said it’s incredibly ...

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Verified FBN Member (CO)

Yep, just checked the legalzoom.com and they have different pay scales for helping you set it up depending on how much help you need. $0-115...

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Verified FBN Member (SD)

Awesome, I'll look into it, thank you. And do I need to go through anything special for financing or the bank will continue like we are now...

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Verified FBN Member (CO)

I’d imagine the bank would slide things over to your LLC especially if you’re the sole owner/member of it. Kinda depends on your bank though...

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Verified FBN Member (SD)

Thank you. The bank offered no advice when I asked them about what to do to form one. Thank you very much. Now I know where to start. My ac...

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Verified FBN Member (KS)

You should have a state collage that should have some one that they recommend to help you. In Kansas we have K State and they have all kinds...

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