How Do I Start an LLC or Corporation?
As investors begin to look at more advanced strategies to protect their investments, often they will explore starting an LLC or other corporation. It is usually a very logical step in the investor's progression to open one of these companies as their properties mature.
The process of opening an LLC or corporation is actually quite simple. The first step is to select a name. Remember, it must be a name that is not already in use. For example, when I was selecting mine, I did not bother with anything related to my name: Anderson. 
Once it is confirmed, that you have found a name that is not already been used, you need to apply and register the name with your state. There are a few ways to do this: by yourself, or with a CPA or attorney. Obviously the least expensive is to do it yourself...
You will need to do the footwork to your local library and other offices to fill out and submit the appropriate paperwork for your state. There are only minimal fees associated with this. If you have an attorney hired to do this process for you, fees will be much higher, but it will be entirely taken care of for you from start to finish with the utmost thoroughness, I'm sure!
My preferred method, however, was with my favorite CPA. The whole process was less than $200, and all I did was sign a few pieces of paperwork.
Once your corporation or LLC is established, you need not do anything but renew it annually unless there are other special circumstances in your scenario.
