A new client asked us:
Are there any special requirements for a Utah real estate investment company – either a corporation or an LLC that owns real estate compared with other LLCs or companies or corporations?
Are there any formation for compliance requirements that I need to be aware of?
Lawyer for Real Estate in Utah Responses
Answer from one of the lawyers in our office:
Typically speaking, no. The requirements would be the same as any other LLC, company or corporation, depending on what you set up.
A full real estate consultation would be necessary to necessary to properly advise you. I am a real estate agent in addition to being an attorney in Utah.
Answer for another attorney in our firm:
The requirements for organizing a corporation or LLC that owns and operates real estate are no different than those for corporations or LLCs engaging in any other businesses.
Another response from a real estate lawyer:
No, there are no special requirements for a Utah limited liability company which owns real estate. The requirements are the same.
Oh and this lawyer provided this disclaimer: The foregoing discussion does not establish an attorney-client relationship, is qualified by the limited facts presented above, and should not be relied upon as legal advice. To obtain definitive legal advice upon which one can rely necessitates retaining an attorney who is qualified in this particular area of the law. That’s good advice right. You should call us if you have any additional questions or concerns.
Free Initial Consultation with a Real Estate Investment Lawyer in Utah
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8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States
Telephone: (801) 676-5506