For friends and family buying together in South Carolina
Buying it together? Put it in writing first.
A lake house with your brother. A rental with old friends. An investment club with the neighbors. We set up the LLC and the written agreement, so everybody knows the rules before the money goes in.
One flat fee: $1,875, plus $495 per property (deed) to be contributed to the LLC. A service of Anderson Law Firm, Fountain Inn, SC.
Questions worth settling now
- Who gets the Fourth of July week?
- Who pays when the roof needs replacing?
- What if one owner wants to sell and the rest don’t?
- What happens to a share when an owner passes away?
- Can an owner’s grown kids bring friends without them?
A handshake covers the good years. The agreement covers the rest.
What are you buying together?
Different things, same problem: more than one owner and nothing on paper.
Beach, lake and mountain places
A calendar everyone agrees is fair, shared bills, house rules, and a clear way out if someone’s life changes.
Rental property
Who puts in what, who does the work, how rent gets split, and what happens when a repair costs more than the account holds.
Family and hunting land
Keep the land in one piece as it passes down, with one set of rules in place of a deed crowded with names.
Boats, RVs and side-by-sides
Who can drive it, who pays for upkeep based on use, and who covers the damage when something breaks.
Investment clubs
Pooling money to invest as a group: how members vote, how shares are counted, and how someone joins or cashes out.
Four days every group should plan for
Nobody expects them. A good agreement answers each one ahead of time, while everyone is still getting along.
Someone wants out
The others get first chance to buy the share, at a price set by a method you already picked.
Someone passes away
The share goes where the agreement says, and the property stays out of the middle of an estate.
Someone stops paying
Clear steps for a missed payment, so the other owners aren’t left guessing or covering it for good.
Someone gets hurt there
The LLC owns the property, which puts a fence between a claim and each owner’s own home and savings.
What you get
Everything a group needs to own something together, done by a South Carolina law firm for one flat fee.
Flat fee
$1,875, plus $495 per property (deed) to be contributed to the LLC
State filing fees and closing costs are separate. An LLC isn’t right for every group, and we’ll tell you if a simpler setup fits better.
The talk-it-through questions
Each owner answers the same short set of questions, so the group finds its disagreements on paper and not at the property.
Your South Carolina LLC
Filed with the state, with its own tax ID number so it can open a bank account.
The written agreement
Your group’s rules in plain words: money in, time and use, repairs, voting, and how an owner gets out.
The deed and closing
For real estate, the purchase or transfer into the LLC is handled through Ashton Title, our affiliated title office.
A handoff sheet for your tax preparer
One page that tells your CPA how the LLC is set up and what each owner will need at tax time.
Free download
The Own Together checklist
The questions to settle with your co-owners before anybody signs a contract or wires money. Print it, pass it around, and see where you already agree.
We’ll email the checklist and may follow up about this service. Requesting it does not make you a client.
Who’s behind this
SC Own Together is a service of Anderson Law Firm in Fountain Inn. We have served South Carolina families for more than 18 years, and we handle real estate closings every week through Ashton Title.
Bring the whole group or come by yourself first. Either way, the first call is about what you’re buying and who’s in on it.