Recommendations of Kansas City Real Estate Attorneys

[Aaron B.]

Are there any BP Kansas City investors who can recommend a good real estate attorney. I would also be curious what makes that attorney good - personnel interaction, expertise with investors, etc. As background, I am an out of State investor looking to invest in KC turnkey properties. I am seeking to establish an LLC in MO for liability protection (separation of person wealth/stuff from real estate investments). I will also carry an umbrella insurance policy. As I am a new I will also consult with the attorney to review contracts and whatever else arises. Any comments would be greatly appreciated

[Laura Williams]

@Kevin Trumbull

I did it right on the Missouri State website https://bsd.sos.mo.gov you probably could also do it through Legal Zoom or other sites like that etc

For Missouri It's a one time fee of $50. You don't need to ever file anything with them again or pay any additional yearly LLC's fees after you create it( unless they change that). This is for single member ... I don't know what it's like for 2 or more member LLC's as I didn't check that out. You can then go to the IRS website & get a FEIN number for your LLC (really easy ) as you will need this to open a bank account. And the only other thing you need is an operating agreement which for 1 member LLC is pretty straightforward. You'll have to email that when to the title company when you go to buy or sell ...also your articles of organization which you will get emailed to you from the Missouri state online right after you file. I can send you my operating agreement if you want to just copy it (and change out names & dates ) or sure you can find a generic one online.

FYI I had a lawyer form my first LLC for me and he filed for me to have a business license which I didn't know he did & it created issues for me. After all the aggravation the deal is if you are managing the properties yourself then you are suppose to have this business license. But if you have a professional property manager ( and they have this business license ) then you don't need it. Something to keep in mind of you go the lawyer route as that was a major pain for me & had to have my PM go downtown & clear it up for me as I was facing fines from the city & I would up having to file a tax return special to the city even though I didn't owe them anything. Definitely ask the lawyer about that license if you go that route... I had no idea I even had one.