Legal Question in Real Estate Law in Washington

Re: real estate investment property

There are many ways to approach this decision. Often people choose to setup and establish a simple Limited Liability Company in order to perform the business of real estate management. This action would protect you and your parents as each of you would become a member in the company. An operating agreement would spell out and devise the manner in which the company is run, determining who has the power to take certain actions; what to do when a member wants to withdraw; how to handle acquisitions; or any other issue you may foresee.

The formation of and maintenance of an LLC is rather simple if you have a knowledgeable attorney to walk you through the process and assist you in putting together a formidable operating agreement.

You may contact my office Wolfe Law Group in order to get started or can email directly at [email protected] if you have further questions.