Questions for Lawyer Startup

[Tyler Frost]

Okay folks, I'm taking the plunge. I have dabbled in real estate for a few years but I am about to take the leap and make real estate investing my full time gig. I have a meeting with a real estate attorney and my accountant later this week to get LLCs and so forth setup. Primarily looking to get as much protection and layers as possible on the front end to prevent costly issues down the road. What are the most important questions you think I should be asking my attorney and accountant at this early phase of the process? Broad ideas and anyone with specific knowledge of Alabama are both greatly appreciated!

[Bob Floss II]

@Tyler Frost @Stephen Brown Honestly, when I meet with a new investor, I ask them to tell me about themselves and then about their business strategy. I take your personal situation and your professional goals and put together my suggestion on how to set up your asset protection plan. I know you are looking for more specifics but it's really hard for me to do that without writing a novel. Just know that whatever attorney you meet with should take the time to sit with you, hear what you have to say, and craft a plan tailored for you. If they are in a hurry to put you in a 'package' or don't ask you any questions, they are probably not the right attorney for you. My initial consults typically take an hour to two hours.