CPA's/Lawyers in San Diego to help with legal entity structure

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CPA's/Lawyers in San Diego to help with legal entity structure

Brian Bell
San Diego, CA · Member since 2015 · 2 posts · 0 votes

I am looking to purchase my first investment property out of state in Ohio and plan to purchase 1-4 properties/year going-forward.  Anyone know any good CPA's and/or lawyers in SAN DIEGO to help evaluate the best legal entity formation for these purchases?  

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Jillian Sidoti
Professional · Murrieta, CA · Member since 2013 · 405 posts · 458 votes
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Hi Brian, California is a beast when it comes to taxes. Do you have a current LLC in California? What I would recommend is having an entity in Ohio purchase the properties and then have your California LLC manage the Ohio LLC. The thing about California is that if you have an owner that owns 30% or more of the LLC, then the state of CA wants you to register it in the state of California (so they can get that juicy $800 FTB fee.)

However, I would most definitely consult a CPA or tax attorney about this. I do know some in San Diego, Temecula, and northern California. I am not a CPA or tax attorney.

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  • Jillian Sidoti
    Professional · Murrieta, CA · Member since 2013 · 405 posts · 458 votes
    9y

    Hi Brian, California is a beast when it comes to taxes. Do you have a current LLC in California? What I would recommend is having an entity in Ohio purchase the properties and then have your California LLC manage the Ohio LLC. The thing about California is that if you have an owner that owns 30% or more of the LLC, then the state of CA wants you to register it in the state of California (so they can get that juicy $800 FTB fee.)

    However, I would most definitely consult a CPA or tax attorney about this. I do know some in San Diego, Temecula, and northern California. I am not a CPA or tax attorney.

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  • Brian Bell
    OP
    San Diego, CA · Member since 2015 · 2 posts · 0 votes
    9y

    Thanks Jillian.  I don't have any legal entities setup yet so this would be starting from scratch.  Please share any contacts you may have in San Diego and I'm also open to Temecula if they are really good.  I'm really looking for someone that has a solid book of business advising clients on similar matters.  

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  • Bruce May
    Lender · San Diego, CA · Member since 2011 · 664 posts · 231 votes
    9y

    My CPA is Nate Busch, Busch Tax Company, LLC and he's in, Gahanna, Ohio. He's not an attorney but I think he can help set up your LLC. I live in San Diego County and have been using him for about eight years now. Send me a PM if you want his contact info.

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  • Robert EllisBusiness Member
    Developer · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
    9y
    Originally posted by @Bruce May:

    My CPA is Nate Busch, Busch Tax Company, LLC and he's in, Gahanna, Ohio. He's not an attorney but I think he can help set up your LLC. I live in San Diego County and have been using him for about eight years now. Send me a PM if you want his contact info.

     I can say I switched to Nate from another accountant who was a family friend and the things nate set up for me saved me a lot of money. Has a niche in real estate that's amazing. 

    [email protected]786-494-6766
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