Attorney and/ or CPA recommendations for foreign investors

[Michael Wentzel]

So I'm in the process of setting up a company that will coach foreign investors to purchase rental properties in the US. Below is a rough list of the process I have put together, but I really need to communicate with some people who have walked foreign investors through the process in the past. I am specifically looking for an attorney that could help setup the entity and a CPA who could manage the accounts.

Any referrals for good attorneys or CPA's for this process?

Mike

1) Setup an LLC in the US owned by a foreign investors

2) Get a tax number for the LLC

3) Setup a bank account for the LLC

4) Transfer the cash from overseas to the LLC bank account

5) Find a property and make an offer from the LLC

6) Give POA to an "agent" to close on the property

7) Sign an agreement with a property management company

[Chris Popov]

Hi I am a foreign investor

1) Setup an LLC in the US owned by a foreign investors

=> I used LegalZoom, only help could be with Operating Agreement, but a model agreement for property investors could be fine (I used the Legal Zoom one, not great)

2) Get a tax number for the LLC

=> DIY

3) Setup a bank account for the LLC

=> I got a referral from an acquaintance, not east to deal remotely with US banks

4) Transfer the cash from overseas to the LLC bank account

=> easy. use FX brokers

5) Find a property and make an offer from the LLC

=> realtor and visits are required

6) Give POA to an "agent" to close on the property

=> you can close remotely if you buy with cash, if you get a mortgage some banks require notarised signature in US

7) Sign an agreement with a property management company

=> remote again

8) Accounting => you have to use a CPA, at least once, because us tax system is complicated and there tons of rules and forms