International buyers paid in full and need LLC advice - in Florida

[Lorena Bermudez]

Hello, I'm trying to help my parents with a long term rental property in Orlando, FL. The property is in their name, paid in full and I suggest they get an LLC since it's a rental. They are visiting the States to open a bank account so it'll be easier for them to handle this rental without international bank fees. Should I make an appointment with a Lawyer first? or with the bank? and how about getting an LLC. I'm looking for guidance and best way to manage this so I can start setting up appointments and have all the correct paperwork. Thank you!

[Charles Carillo]

@Lorena Bermudez

I would suggest they speak to an attorney and an accountant prior to setting up any entity. Once you know what entity type to set up, then you can have the attorney handle the formation and at that point, you can contact a bank to set up an appointment for opening a business bank account.

We have partners who are foreign investors. DM me and I will send you contacts for; attorneys, lenders, and accountants that they have previously used. It is important that you hire professionals that have experience working with foreign investors.