Question About Questions :)

[Brian Buckingham]

Closing on my first multifamily and have decided to pay for a local attorney to assist with the LLC. I know cheaper options are available. However, for reasons I am not going to go into I have decided to pay the premium for a professional.

With that said, they are not cheap.  I want to get the most out of my time with him.  I was hopping someone would give me some good questions to ask regarding local Washington State law, as well to ensure he is the right attorney for me on future endeavors.  

Thanks in advance,

[Michael Albaum]

I would ask if he works with, or is an investor himself. This is always a question I ask before ever agreeing to meet with someone and utilize their time. Additionally, you should be asking what kind of asset protection structure you should be setting up. It may be that for your given situation, an LLC is not the best structure...have you already asked this question and how did you determine that an LLC was your best option?

I would also ask about future deals and how those should be structured.

The attorney should be asking you a lot of questions about your current financial picture. If they don't, it may be a sign that they're trying to get away with the "one size fits all" approach which doesn't work with regard to legal entities.

Best of luck, and remember that a good attorney is worth their weight in gold.