DIY documents part 3: real estate LLC

Today’s post on DIY documents takes the pre-made LLC and kicks up the temperature a few notches.

My last post, a foray into the exotic pizza industry, revealed how a simple LLC agreement can lead to disaster without a little fine-tuning by a skillful pair of eyes. Here I’m going to show you how a simple real estate LLC setup, when prepared without consulting an attorney, by using only free advice from sites/books like NOLO (or the many other Internet voices out there), can wreak havoc similar to having a major volcano eruption on one of your real estate properties. Continue reading