Finding Attorney

[Brandon G.]

I believe it's going to be important that I find a good attorney right from the start to help me along the way. The first order of business is to get advice on how to setup my company and other answer other general business questions. Then I would of course need advice specific to real estate. 

I'm wondering if I should look at getting at least 2 lawyers: One who specializes in setting up business and other basic business advice and another one who specializes specifically in real estate law. So what's my first question.

My second question is where do I find a GOOD attorney. I was looking on sites that rate attorneys like avvo and like the idea that clients can rate them. I'm thinking that reading reading several online ratings is better than just getting a referral from a family member since a family member is technically just one rating. So are rating sites a good way to find attorneys or are they rigged? How did you find your lawyer?

[Jerry W.]

@Brandon G.  it is very likely a single attorney can do all of your needs at this time.  it is dirt easy to set up a corporation , what is more important is the explanation of how to run it so you observe all of the corporate formalities to avoid a piercing the veil lawsuit down the road.  Upwards of 80% of the lawyers out there can set up a corporation for you.  You do not need an expert in asset protection at this point unless you are already very wealthy and if that was the case you would already have an attorney for that need.

I would go with a local attorney.  They know the local laws and it is easier to learn their reputation.

I have had good luck getting loans in a new corporation, but I must personally guaranty those loans.  I have found interest rates to be about 1% higher for a corporation as compared to the loan being in my name personally.

There are several very good lawyers on BP from your area who already do real estate and could help you or give you a good referral.  Ask them how much they charge and if they charge for 5 minute calls or charge 40$ for having a secretary copy a document for you.  they all need to make money but some are more worried about money than their client.  I have never liked the service of big law firms generally, small or solo attorneys often give the best service.  kind of like having a family doctor for colds even a broken bone.  You don't need a surgeon for a cold or the flu.  A good lawyer knows when to call in a specialist and will recommend it if you need one.  There are greedy folks in every profession, look for one who seems to care about you and your plans.  Hope this helps.