Having your own business or investment real estate necessitates not only protecting the business assets from creditors and potential lawsuits, but also having the proper partnership agreement for disability, retirement and death.

Real Estate

Whether you are selling, buying, refinancing or building your home, investment property or business, obtain legal counsel. Vincent Liberti has been involved in real estate since 1988 as a real estate agent, mortgage broker and a real estate attorney conducting real estate closings for lenders across The United States and clients in New York, Massachusetts and Connecticut. He has performed residential and commercial sales, purchases and refinances, as well as closed SBA loans and construction loans. He has represented lenders and debtors in mortgage and tax foreclosure actions, negotiated “short-sales” for owners to avoid foreclosures and represented landlords in housing matters. For clients wishing to defer capital gains on real estate sales, attorney Liberti is experienced with IRC §1031 exchanges and can counsel clients through the process.

PROTECT YOUR BUSINESS

A business owner must be careful to choose what type of business formation is best. Some factors to consider are: 1) how the entity is taxed; 2) avoiding personal liability and other claims; 3) expense to form and maintain the business entity; and 4) flexibility in operation and management.

Owners should also create a sound business agreement. Without such a written agreement, a business owner may find himself forced to continue the business with his partner’s spouse or heirs upon the partner's death, or have to borrow capital to “buy out” such heirs. Even an owner’s retirement poses the complications of a buy out and the need for capital.

To optimize tax efficiency and asset protection, one should coordinate business and personal estate planning objectives. Liberti Law Firm, LLC can assist you with creating and implementing this integrated plan.