Jonathan CroninREI Accelerator, Rei Accelerator · Multifamily Real Estate Investor & Coaching Leader

Simplifying LLCs: What You Need to Know

28 Feb 2025

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Jonathan Cronin explains why LLCs need less paperwork than corporations. Corporations must hold annual meetings and keep minutes; LLCs don't have to, though lawyers often recommend it. A registered agent service costs around $49 a year.

Questions this video answers

About $49 per year.

The speaker says attorneys recommend them but that you "probably should, but you don't have to"—i.e., not strictly required, unlike corporations which must have meetings and minutes.

There's really nothing to manage with an llc. I mean, corporation. You got to have all the minutes and the meetings and annual meetings. I think attorneys tell you with an llc, you probably should, but you don't have to. But you got to keep up with it. You can hire registered. There's a state registered agent service in every state. It's like 49 bucks a year. And they'll send you any documents or notices.