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Updated over 5 years ago on . Most recent reply

User Stats

7
Posts
4
Votes
Sam Li
  • California
4
Votes |
7
Posts

Tasks of CPA and Attorney when setting up rental business

Sam Li
  • California
Posted

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)

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