Single-Member LLC FAQs

• $695 plus state filing fee for Single Member LLCs
• $895 plus state filing fee for multi-member LLCs (up to 3 members, additional members after that will be $100 extra

Prices are subject to change.

• First, clients provide a name and state to form their LLC. An engagement letter is sent to the client electronically for their signature. Midland will file the LLC with the state and obtain an EIN.
• Once the state approves the LLC, an Operating Agreement is drafted and all documents are sent over to the client.
• Once the client establishes a bank account for the LLC, we can fund the LLC which will allow the client to make their investments.

Most banks require the EIN and Articles of Organization to open the account. Clients usually will need to wait until the LLC is approved and they have their documents in hand.

Yes! Clients can use a personal credit card to pay for the setup cost. However, once the LLC is established and funded, all future cost will need to be paid with IRA funds.

Processing time varies depending on the state. A typical time frame is 7 to 14 business days from the time the state receives the LLC documents.

Yes, you will need to put the contract into the name of the IRA and once the LLC is approved you can title the property in the name of the LLC.

Business checking or savings account. An entity will need its own bank account to maintain separation between owner and business.