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Updated about 6 years ago on . Most recent reply

User Stats

27
Posts
12
Votes
Keoki Kimzin
  • Real Estate Broker
  • Asheville, NC
12
Votes |
27
Posts

Tucson Asset Lawyer Recommendation/Structure Question

Keoki Kimzin
  • Real Estate Broker
  • Asheville, NC
Posted

I know we are all mourning the loss of our wildcats but I am looking to transfer properties to an LLC for the first time. I've been reading a lot of articles on BP but It still is beyond my depth.

Firstly, I'm investing with a single partner now but would like to invest with other equity partners in the future.  To me this means separate LLCs per property with different owner groups.  

Secondly, will I have to hire a bookkeeper or accountant for anything but tax returns in AZ if my property manager is taking care of bookkeeping for my properties?

Lastly, I would really appreciate any recommendations for lawyers in AZ.  Thanks guys and I'm excited to keep pushing!

Most Popular Reply

User Stats

208
Posts
235
Votes
Andrew Kiel
  • Investor
  • Tucson, AZ
235
Votes |
208
Posts
Andrew Kiel
  • Investor
  • Tucson, AZ
Replied

When we do a joint venture, we do both an LLC operating agreement and a joint venture agreement, the language states that the JV agreement supersedes the operating agreement if there is a conflict. The property is titled to the LLC. The specifics of this, and why, are definitely best discussed with an attorney.

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