Mixed Use Investment and Entity Structure
Hello BPer,
I am in the process of acquiring a mixed use property that included a bar business.
I am thinking about acquiring the actual building into my existing LLC entity. The bar will act as a tenant renting and paying rent to this existing LLC.
For the bar, what should I set it up as? Should I make it an LLC or other entity? What is your opinion on it.
I am in the Mass area. If anyone knows of any attorney that can help form an entity for the bar, I would like to get some referrals.
For the bar, I will inherit 1-2 employee(s). I might come around weekend to check thing, and monitor everything via camera. I am somewhat involved, but I won't be there working on day-day basis.
Thanks