QUESTION
What type of business entity should I use if I am going to invest in commercial real estate?
Asked on Jul 14th, 2013 on Business Law - California
More details to this question:
I am going to be investing in commercial real estate in the future. I currently live in California and my first deal will take place in California. I am looking at investing in Shopping Centers, Strip Centers, Retail Buildings as well as Hotels/Motels, Apartment Buildings/Complexes, etc. What type of entity should I incorporate with? An LLC, or C-Corp? I will not have any business partners and I want to one that is going to give me the most legal/asset protection in case of a law suit. Also, I need to know which one will give me access to financing in the future and which one will allow me to own real estate in other states. Eventually, I want to be able to purchase commercial real estate in states other than California.
1 ANSWER
Labor and Employment Attorney serving Encino, CA
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Either an LLC or C-Corp will provide you with the protections you are seeking. The LLC would be a little less formal to manage. Either one should give you access to financing. Good luck with your venture. c
Answered on Jul 14th, 2013 at 6:15 PM