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Updated about 10 years ago on . Most recent reply

User Stats

16
Posts
19
Votes
Angela A.
  • Accountant
  • Denver, CO
19
Votes |
16
Posts

CPA, Tax Lawyer, Real Estate Lawyer, Business Lawyer or Property Lawyer?

Angela A.
  • Accountant
  • Denver, CO
Posted

Hello everyone,

This has been on my mind for sometime. I have a lot of tax questions and business ideas and I am not sure which of these professionals I need on my team. I am confused if I need all of them or just a couple. 

I am building a plan to purchase vacation rental properties internationally as well as US. I have so many questions about legalities and taxes that are tripping me up. I would like to create an umbrella corporation with each property listed as an LLC-there is more, but that is the jist.

I intend on building it up to an international REIT. Granted this will take the many years to achieve. I have big dreams and big goals.

How do you determine which lawyer you need or if you can just manage with your CPA? Or do I build up the team as I progress and if so, which order?  

Apologies if my question is complete newb question; I only work for a corporation, I never tried to build one before :-) Please be gentle. 

  • Angela A.
  • Most Popular Reply

    User Stats

    33
    Posts
    10
    Votes
    Anthony V.
    • Investor
    • Madison, MS
    10
    Votes |
    33
    Posts
    Anthony V.
    • Investor
    • Madison, MS
    Replied

    Your CPA and business/real estate lawyer will likely be the best judges for when you'll need a tax lawyer. Unless your tax situation is really complex I don't think you would need one at all until maybe you get into the international or REIT stuff.

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