Course Description
This course provides an overview of the law on real estate limited liability companies and how to use this corporate structure as a vehicle to efficiently own and operate rental properties. Among other things, this live program will provide attorneys with practical advice regarding common legal matters encountered in forming real estate limited liability companies, drafting operating agreements for rental properties, and holding and operating rental properties.
Syllabus
- Understanding the Business: The Top Questions
- LLCs v. Other Types of Entities
- Advantages of LLCs in Real Estate
- Should You Put a Rental Property into an LLC?
- Structuring Capital Calls the Right Way
- Crafting Distribution Provisions to Share Real Estate Profits
- Drafting Other Essential Provisions for Real Estate LLCs
- Using a Series LLC
- Maximizing Tax Benefits
- Best Practices for Ongoing Asset Protection and Operations
- 1031 Exchanges