LLC for Real Estate Project

[Ray H.]

Jurisdiction

Massachusetts

Hello, I am considering the purchase of a real estate investment property which is an abandoned building. My potential partner (A General Contractor) and I are in the due diligence stage of a particular parcel of land that my have environmental issues. I had already done a Phase 1 study, which recommends a Phase 2. Before doing a Phase 2 study, do I need I setup an LLC to protect myself?

If yes, is this something I can setup myself like sites like LegalZoom and other suggest? Or should I work with an attorney?

This is in MA.

Thank you!

 

[adjusterjack]

do I need I setup an LLC to protect myself?

If you have to ask that question you should be talking to a lawyer about the risks of your endeavor and how to minimize them.

Setting up an LLC might or might not be the answer.

 

[zddoodah]

do I need I setup an LLC to protect myself?

How could we possibly know?

If yes, is this something I can setup myself like sites like LegalZoom and other suggest?

We have no way of knowing what you're capable of doing.

should I work with an attorney?

Based on your post, I would recommend that you at least consult with a local attorney before proceeding.