Legal Question in Business Law in Florida

Good Day,

I have a multi-faceted question around property and business law and estate-planning. My parents have properties that me and my sister are planning to use in a property management company in the near future. Also, with my parents and my sister, we are beginning the process of estate-planning as well.

I read somewhere that if you are managing a property on behalf of somebody, you will need a real estate license. I am wondering if that's the case for property you are going to inherit. If that's the case, do me and my sister need to have the ownership of the property transferred from our parents?

Also, how does the structure of property in estate-planning influence its use by a company? In other words, my sister and I want to manage our parents' properties as assets in a company that we will eventually inherit and want to know what's the best way of doing that?

Lastly, which kind of company should I set up to ensure as limited liability as possible and therefore low risk of losing the properties?

Hopefully, I made sense and if you need more information or clarification, please let me know. Thank you for your time and assistance.


Asked on 7/25/23, 12:29 pm

1 Answer from Attorneys
Richard Bryan Richard Bryan Attorney PC

These are great questions but not ones you can get answered on this forum. What you're asking for is sophisticated estate planning and business legal advice which must be tailored to your facts and circumstances. It would take many hours of work to gather your facts and apply the law for the best outcome; most of the time there are facts involved which may not seem important, but can change the entire answer. Startup legal and accounting costs are expenses which new business owners face when starting a new venture.

Good luck.

Read more
Answered on 7/25/23, 5:14 pm


Related Questions & Answers

More Business Law questions and answers in Florida