Miami Business Entity Formation Attorney
When purchasing real estate in Florida, you must consider the proper manner in which to hold title to the property. This determination must be made before your closing and involves many issues, including federal and state taxes, inheritance and estate planning, and personal liability ramifications. Norma Echarte & Associates provides knowledgeable counsel for the business side of real estate ownership, as well as all facets of real estate transactions. The majority of our business clients are acquiring property for investment purposes (as opposed to a homestead interest). We help you choose the appropriate holding entity and iron out the ownership and management arrangements. Attorney Norma Echarte has practiced in real estate and business law in South Florida for 20-plus years. She brings a background in finance and international marketing, and has negotiated real estate deals on behalf of buyers, sellers, brokers, developers and lenders.
Structuring Real Estate Ownership
In Florida, property can be acquired in various ways, each with its benefits and drawbacks. Individuals and couples may hold title as single or sole owners, as tenants in common or as tenants by entirety. However, even married couples holding title to property in both names have limited protections from external threats. Florida land trusts transfer the property title to a trustee on behalf of the named beneficiaries. This provides privacy and other advantages to the beneficiaries and benefactors, but limits the uses and transferability of the property. Partnerships, companies and corporations can also hold title to property, including residential properties. The rights and liabilities to the property are limited by the entity’s governing documents and the applicable laws of the state of Florida. Norma Echarte & Associates can recommend the proper business entity for purchase of real estate. In most cases, this a corporation (S corp) or limited liability company (LLC), but we have also created family limited partnerships, offshore corporations and other real estate entities. Our firm has helped individuals, couples or groups of investors with business formation. We work closely with you to get the details right:
- Choice of entity, based on liability, taxation and other considerations
- Registration/articles of incorporation
- Operating agreements or shareholder agreements
- Coordination of financing or loan document review
- Maintenance (bylaws, minutes, reporting requirements)
- Real estate transactions via the entity
- Contracts with sellers, developers, contractors, etc.
South Florida Partnership Agreements Attorney
Our Miami business entity formation lawyer is highly knowledgeable about structuring of start-ups as well as the underlying real estate transactions. We invite you to arrange a consultation today. Ms. Echarte and several members of our staff are bilingual in Spanish or Portuguese.
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