Question About LLC/Trust/Attorneys

viking777 profile photo
HI, Can someone comment on or refer me to some good reading on setting up the following as a new REI? 1)LLC 2)Trust 3)Organizing your team (accountant, attorney, brokers,etc) I am unclear on the LLC and trust issues when it comes to properties. For examples, I set my company up as an LLC (or maybe S-corp) to protect my assets. Then when I purchase a property, I put it in a Trust to hide it. Is this correct? Are there costs for setting up each trust or putting the property into the same trust each time? How do you find a decent attorney and what do they typically (avg.) charge for whatever you will need them to do? Where can I find out about this stuff? Thanks for any comments.

Comments(0)

  • InActive_Account17th March, 2004
    0
    Reply

    Read William Bronchick.
    100% understanding after!

Please Sign In to Comment.