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Updated over 5 years ago,
Tasks of CPA and Attorney when setting up rental business
I’m looking to buy rental properties out in Ohio but live in. California. I’ve seen debates on this forum regarding what types of entities to set up so I think I want to get a professional to help. People suggest hiring both an accountant and an attorney.
My question is: what are the initial tasks of both the CPA and attorney as I set up my business? Afterwards, what tasks can they help with day to day after I set up my business? What’s the pricing model like for most investors using their services? (Hourly payments vs one time payment, etc)