Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

101
Posts
34
Votes
Jason Turo
  • Investor
  • Norman, OK
34
Votes |
101
Posts

If you could go back, what would you ask your CPA/attorney?

Jason Turo
  • Investor
  • Norman, OK
Posted

If you could go back to when you started planning your business, what questions would you ask your CPA and attorney when starting out a multi-member LLC for a buy/hold business?

Here’s a few examples:

  1. Any advice on setting up a 2+ member LLC who live in different states and may purchase properties in different states from them?
  2. How is the cash flow from the property taxed if in another state?
  3. How should we structure the bank accounts for the business expenses and property expenses?

Things like that...plus if you have any answers to those particular questions, it would be great to hear those too separately.  Just looking for some things to be thinking about when setting up a multi-member business with members in other states.

Loading replies...