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Updated over 6 years ago, 08/13/2018

User Stats

21
Posts
2
Votes
Nur Al Sharif
  • Rental Property Investor
  • Beverly Hills, CA
2
Votes |
21
Posts

Recommended Entity Formation Attorney?

Nur Al Sharif
  • Rental Property Investor
  • Beverly Hills, CA
Posted

Hi all, 

I've been looking for about a week now in Los Angeles for an attorney who specializes in entity formation, with experience geared towards real estate.

We are establishing a multi-member LLC as a parent company, with separate single-member LLCs (the single member being the parent) for each property, as a subsidiary held under the parent. Of course, the main issue we seek to tackle is how to best limit the liability of the parent company - and the attorneys that we have spoken to claim that 1) "this is out of their league" or 2) are unable to provide any specific insight on the specifics of the legal structure. They are more comfortable with the single property LLC. Another potential issue is how to most efficiently structure the LLCs to gain financing, though this is likely offset through personal guarantees, which we are willing to do.

Has anyone had a good experience with a business formation attorney who has experience with the nuances of operating under a parent company? If so, could you refer me to them?

Thanks!