I am planning to buy an investment property in henderson, nv with my significant other. We are a young couple who lives in CA. Since this will be our first property, should we open a sole propiertorship and buy umbrella insurance coverage OR open an LLC? we talked to two real estate attorney in las vegas. #1 quoted us $500 and said that we don't have to file a business license in las vegas. #2 quoted us $1000 (to file the paperwork, all the fees, to be our registered agent) and he recommended to us to file a business license. We did a lot of research here in BP and on the internet and we are not sure which way to file. Also, are those attorney fees reasonable? What is the average fee for a real estate attorney in las vegas?
Thank you very much in advance to anyone who is willing to answer my post.