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Updated over 7 years ago on . Most recent reply

User Stats

335
Posts
52
Votes
Chan K.
  • Lowell, MA
52
Votes |
335
Posts

Mixed Use Investment and Entity Structure

Chan K.
  • Lowell, MA
Posted

Hello BPer, 

I am in the process of acquiring a mixed use property that included a bar business. 

I am thinking about acquiring the actual building into my existing LLC entity. The bar will act as a tenant renting and paying rent to this existing LLC.

For the bar, what should I set it up as? Should I make it an LLC or other entity? What is your opinion on it.

I am in the Mass area. If anyone knows of any attorney that can help form an entity for the bar, I would like to get some referrals.

For the bar, I will inherit 1-2 employee(s). I might come around weekend to check thing, and monitor everything via camera. I am somewhat involved, but I won't be there working on day-day basis.

Thanks

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