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Updated about 11 years ago on . Most recent reply

User Stats

58
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13
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Josiah Halverson
  • Real Estate Investor
  • Sandy, UT
13
Votes |
58
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Real estate attorney? CPA? Tax attorney? Business attorney? Who do I hire in Utah when starting my rehab, rental, and subect to business?

Josiah Halverson
  • Real Estate Investor
  • Sandy, UT
Posted

Is it common for an attorney to be competent in the areas of business, accounting, tax, AND real estate? Since I'm new to rehabs and subject to deals, I feel that paying for professional guidance up front will teach me good habits which will profit me later on, but who do I hire? -please don't say all of them! :`( Do you know anyone that can help me with the following?

  1. Develop a business plan and include licensing advice specific to Utah, specific to rehabs, rentals, and subject to deals, and specific to a new small business owner in my tax bracket.
  2. Analyze my strategy and tell me what is cost effective and what is not.
  3. Develop deal contracts and helping me see them through.

Ideally, I would have 3 or 4 references to attorneys skilled in all areas, but that may not be possible.

Thanks for your thoughts.

Josiah Halverson

Sandy, UT

(801) 389-6080

[email protected]

Most Popular Reply

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4,311
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3,998
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Jerry W.
  • Investor
  • Thermopolis, WY
3,998
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4,311
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Jerry W.
  • Investor
  • Thermopolis, WY
ModeratorReplied

@Josiah Halverson , my answer to your question is no. There are a few attorneys who do taxes, accounting and law, but very very few. The few I know who still do all of those mostly do tax litigation.

In order to do a job really well requires some specialization. The Dr. who delivers babies does not do heart surgery and vice a versa. Nearly every Dr. could probably give care to someone who broke their arm and is waiting for an ambulance. Running a business to the best of my knowledge is completely unrelated to the practice of law. You will probably need to get a professional in the business field to do most of the things you asked about, ie. analyze your strategy, do cost analysis, etc. You need an accountant to help choose your business entity. You can probably spend 30 minutes talking to your local city licensing center on what licensing you need. You probably need an experienced contractor too. Good luck.

  • Jerry W.
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