Legal and Tax Advice in Denver Area

Legal and Tax Advice in Denver Area

Member since 2020 · 3 posts · 1 vote

Hello everyone. I am new to real estate investment here in the Denver area and working on filling out my team. I am interested in setting up an LLC and wondering if there are any recommendations for good attorneys with other real estate clients? I will also need an accountant so any recommendations for that would also be much appreciated. Thanks.

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Drew FeinPro Member
Attorney · Denver, CO · Member since 2015 · 208 posts · 104 votes
5y

Thanks for the shout out, @James Carlson! James is absolutely correct - actually filing Articles of Organization with the Colorado Secretary of State to set up a new LLC is super easy. My clients typically set up the LLC themselves. Where an attorney should be involved, however, is in the drafting of the Operating Agreement for the LLC. @Linda Weygant is fabulous! 

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  • Investor · Parker, CO · Member since 2016 · 550 posts · 389 votes
    5y

    @Brandon Pope Great idea to start building your team. I can send you a great attorney contact for getting an LLC started and @Linda Weygant comes highly recommended for a CPA - she does amazing work for me and my business!! I'm making an assumption here, but she could probably help you with your LLC as well. 

  • Daniel HymanBusiness Member
    CPA · Milwaukee, WI · Member since 2016 · 2k+ posts · 1k+ votes
    5y

    Another vote for Linda. She has been a valuable contributor here on BP for years.

    My Online Accountant572 Reviews
  • Real Estate Agent · Denver CO and Summit County, CO · Member since 2015 · 74 posts · 43 votes
    5y

    @Brandon Pope I have worked with Long Law Group and have had a great experience since the lawyer and CPA are under the same roof.

  • Bill HamptonBusiness Member
    Accredited Investment Fiduciary, AIF®, Financial Planner, Tax Strategist, Real Estate Investor · Atlanta, GA · Member since 2012 · 2k+ posts · 979 votes
    5y

    Brandon, 

    Are you open to working with your accountant remotely? I recommend finding an accountant who specializes in real estate taxation over one that is local. You may want to consider working with your accountant remotely to expand your options. 

    I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return. You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.

    Good luck and let me know if you have any questions.

    Hampton Tax and Financial Services LLC4.7106 Reviews
  • Member since 2020 · 3 posts · 1 vote
    5y

    Thank you everyone for the advice. Much appreciated. 

  • Real Estate Agent · Colorado | stan.store/JamesCarlson · Member since 2014 · 2k+ posts · 2k+ votes
    5y

    @Brandon Pope

    Congrats on getting started investing in Denver. We use @Linda Weygant for our taxes. She's great but also slammed and normally works with investors who have a couple under their belt.

    We've also worked on numerous legal items with @Drew Fein. Though Drew will hate me for saying this, but setting up an LLC is not difficult. You can do it directly through the Colorado Secretary of State's office. We've set up numerous LLCs for properties and other businesses, so you can totally do it. Whether you (or we) can do it correctly, who knows. Drew may have some thoughts on that.)

  • Drew FeinPro Member
    Attorney · Denver, CO · Member since 2015 · 208 posts · 104 votes
    5y

    Thanks for the shout out, @James Carlson! James is absolutely correct - actually filing Articles of Organization with the Colorado Secretary of State to set up a new LLC is super easy. My clients typically set up the LLC themselves. Where an attorney should be involved, however, is in the drafting of the Operating Agreement for the LLC. @Linda Weygant is fabulous! 

  • Linda WeygantPro Member
    Investor and CPA · Arvada, CO · Member since 2015 · 2k+ posts · 3k+ votes
    5y

    Oooo.... somehow, this turned into a Linda Weygant fan club post.  Thanks @Stuart Grazier, @Daniel Hyman, @James Carlson and @Drew Fein

    My calendar is becoming Unslammed, but thanks for warning folks, James.  :-)

    I'm glad somebody else mentioned Drew because I was going to do so.

    @Brandon Pope - let me know if you need anything.

  • Denver, CO · Member since 2015 · 20 posts · 9 votes
    5y

    Andy Meyer with Frascona in Boulder has been wonderful to work with. I'm currently searching for a CPA so I can't help much there, but I know Andy's real estate expertise has been very helpful for me.

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