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Updated over 7 years ago on . Most recent reply

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53
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6
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Demjan Van Der Kach
  • Investor
  • Phoenix, AZ
6
Votes |
53
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RE Attorney recommendations for Portland Metro

Demjan Van Der Kach
  • Investor
  • Phoenix, AZ
Posted

Hello there, I would greatly appreciate a reference for a good RE attorney to create an LLC for my short (airbnb) /long term West Linn rental, preferably a local one with a good knowledge of township specifics.

Thanks!

Most Popular Reply

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504
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411
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Brian Bradley
  • Attorney
  • Wilsonville, OR
411
Votes |
504
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Brian Bradley
  • Attorney
  • Wilsonville, OR
Replied

You don't need a local attorney to create an LLC. An LLC is a company. You live in AZ. Talk to your local AZ attorney and CPA. Talk to your CPA over the financially and tax implications of different formation options. Your CPA and or Attorney can then form the LLC for you in AZ. You can then transfer the property into the LLC or s Corp. I would ask your lender if they mind if you transfer the property into your company before you do this to avoid any issue with a loan acceleration clause. But you can have a company formed in any State and have that company hold property from any state.

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