Hawaii Real Estate Limited Liability Company Formation
We are Hawaii lawyers ready to form a Hawaii limited liability corporation (LLC) to protect your real estate assets. One of the initial issues we address with our Hawaii real estate clients is how they want to hold the Hawaii real estate. We tell our clients to consult with their accountant on whether forming a Hawaii limited liability company makes sense from a tax standpoint as only their accountant knows their financial situation.
If it does, we form the Hawaii limited liability company so as to provide our clients increased individual protection as the Hawaii limited liability company should face contractual exposure but not the members (owners). We also discuss whether the proposed members of the Hawaii limited liability company should be members. Depending on the business being planned not everyone should.
For example, if a lease is to be signed with a landlord, the landlord may require all members to sign a personal guaranty. By offering a relative a token five percent interest, they may be making that relative liable for the entire lease. Thus, we try to do more than most Hawaii real estate attorneys and offer strategic, practical, advice for our clients. It's protection you'll need for your Hawaii real estate business.
We also form Hawaii limited liabilty companies for clients in order to not put all of their Hawaii real estate in one pot. Simply forming seperate entities will greatly reduce the risk of a monetary judgment/liability at one location being pursued against the other real estate you own.
Here are some articles on Forming a Hawaii Business, A Comparison of Owner’s Liability for the Debts and Obligations of (1) Hawaii Corporation; (2) Hawaii Partnership; and (3) Hawaii Limited Liability Company, Why You Need a Hawaii Operating Agreement for Your Hawaii Limited Liability Company, and How You Acquire an Existing Hawaii Business).
Contact us today about forming your Limited Liabilty Corporation (LLC) to protect your Hawaii real estate business and yourself.