Need A New & Good RE Accountant and Corporate Attorney in Los Angeles

[Alick Patrick]

I tried doing a search for real estate accountants and corporate attorneys and I've noticed that when I call the popular ones or big dogs I get thrown to their assistant or some person under them. On the other hand, the smaller firms that I found on Yelp and Google felt like I was their only client and they just want to earn my business. Although I understand that I'm no big dog myself for the good ones to spend time on me I still want to feel comfortable with the person I am talking to and feel that he/she is very knowledgeable and has my best interest at heart.

With that said, is there a good and reliable site I can visit to find good and reputable real estate accountant and corporate attorney? I'm looking to acquire my first investment property and would like to get professional help in doing so. Even better, if anyone knows someone trustworthy and skilled around the Los Angeles area please recommend him/her to me. 

[Steven Hamilton II]

Originally posted by @Alick Patrick:

@Steven Hamilton II

Would out of state tax accountants still be very familiar with state specific tax laws outside of their home state? I recently read the Rich Dad, Poor Dad book about Real Estate Advantages and one of the strategies mentioned in there was having a company established in either Nevada or Wyoming and registering that to do business in California where I reside. It mentioned that there are tax advantages to that as well as privacy on the information you provide on a corporate level. I sort of threw that suggestion the other day to my accountant who does my personal taxes each year but she said there are no advantages, more fees to pay, and that I have to move to Nevada to do that. Although I didn't question or disagree with her on that I just kept mum and felt that maybe she's just not well versed with Nevada tax laws so she couldn't tell me the pros with that approach.

 @Jerry W. is correct. Ca will tax you on ALL of your income even from pass through entities. If your LLC in NV is managed by a CA resident they WILL assess their annual $800 fee.

One advantage may be to have that LLC you arrange in NV own other entities in other states. There are not other tax advantages other than simply pushing away from the CA franchise tax. You would not need to move to NV to do so; however, CA could still later on pursue you for the annual franchise tax if they deemed any of those businesses to have been "doing business in" CA.