Fixed Price Entity Creation (LLC’s and Inc’s)

Need a new entity?

MassLandlords has affiliated with New Leaf Legal to give members access to fixed-price entity formation at lower negotiated rates.

Forming a business entity like an LLC or Inc. has benefits like shielding the owners from liability, securing your rights, formalizing your business, and providing potential tax benefits. For property owners, an entity can help to separate your property assets so individual properties are not affected by liabilities to other properties.

New Leaf's attorneys can help you choose the right type of entity for your business. They will file your organization with the state, procure a tax ID, and provide the documents you need to set up a bank account, protect your interests, and comply with regulations. All for a flat fee! Prices below.

New Leaf Legal is a boutique law firm that specializes in business and intellectual property law services for startups, small businesses, entrepreneurs, and creatives. They have helped MassLandlords and MassLandlords members many times over the last few years.

LLC Formation $600

(+$520 state filing fees, annual filings)

(a) Consultation on the relative benefits and burdens of the LLC structure, as well as the basic tax implications and structuring possibilities and limitations;

(b) State and preliminary federal entity search for availability of your entity name.

(c) Preparation and filing of your Articles of Organization with your desired venue, potentially Massachusetts;

(d) Filing of your Federal Employer’s Identification Number (FEIN) with the IRS so the entity can open a bank account and handle funds;

(e) Asset Transfer agreement between you as a sole proprietor and the entity;

(f) Manager resolution for banking; and

(g) Consultation on common and suggested management practices and profit distribution arrangements for you, as owner of the company, including a review of best practices and potential liabilities to avoid, given the anticipated structure.    

Corporation Start-up Package  $1,700

Provides you with an added degree of credibility and professionalism that will increase the business opportunities and a make you a better target for selling your idea or your entire company down the road. This package includes: 
 
a. Consultation on the relative benefits and burdens of the Corporate structure, as well as the basic tax implications, structuring limitations, and possible capital structures that would be recommended for your venture. 

b. State and preliminary federal TM search for availability of your entity name. 

c. Preparation and filing of your Articles of Organization with your desired venue, potentially Massachusetts or Delaware. 

d. Filing of your Federal Employer’s Identification Number (FEIN) with the IRS so your company can open a bank account and handle funds. 

e. Filing foreign registrations as required upon formation. 

f. Asset Transfer agreement between yourselves as sole proprietors and the entity, if required. 

g. Assisting you with the Initial Board election and Stock issuance. 

h. Consultation on Corporate Governance responsibilities and maintenance for a benefit corporation. 

i. Standard Template Corporate Governance documents including: 

     i. By-laws compliant with state law 

     ii. Form meeting minutes 

     iii. Form Board Resolution 

     iv. Form Shareholder Votes 

     v. Ownership Ledger 

     vi. Stock Certificates 

Recommendation

Most members with real estate businesses will want an LLC. New Leaf Legal can walk you through the options and help you decide what is needed.