Areas of Practice
Real Estate Law
Representing buyers, sellers, and lenders on standard and "creative" real estate transactions.
Protect yourself, you business, and your family from lawsuits, liability, taxes, and other financial pitfalls.
Convert your IRA, 401k, or other retirement plan into a self-directed plan to buy real estate and other assets.
Form an LLC, corporation, limited partnership, series LLC or land trust for your real estate or business holdings.
Form a living trust, will, medical directives and other documents to avoid probate and protect your family.
Buy, sell, or consult about the legal issues surrounding your business or potential business.
Real Estate Transactions
We specialize in creative residential and commercial real estate transactions, such as seller-financing, installment land contracts, lease/options and wraparound deals. We can prepare contracts, notes, security instruments and closing documents. We also escrow documents for transactions that require an escrow agent (example, contract for deed or lease/option). We also advise hard money lenders through the legal process of lending money to real estate investors, and prepare the necessary documents for protecting their collateral.
Whether you need to put together a multi-million dollar apartment deal or something as simple as a deed prepared and filed, we can work quickly and professional for you.
LLC & Corporation Formation
We can form your corporation quickly and accurately, as well as prepare the necessary documentation to “clean up” a corporation whose paperwork has been neglected for years. We advise you through the process to determine whether you need an S or C corporation, or whether another entity may be more appropriate. We determine which state the corporation should be filed in for the maximum benefits to your business. You receive all necessary documents, records, stock certificates, federal tax ID#’s, so you can immediately apply for corporate credit accounts.
Whether you are a multimillionaire or plan to be one, we can help you minimize your estate tax and ensure an easy transfer of ownership to your heirs. Wills, Trusts, Family Limited Partnerships and Medical Directives are some of the documents we can prepare for your estate plan. Every client has different needs, so there’s no expensive “cookie-cutter” formula we try to push on our clients. We keep it simple, manageable and work to save your estate from hassles, legal battles, and estate taxes.
We can implement the strategies outlined in William Bronchick’s book, “Wealth Protection Secrets of a Millionaire Real Estate Investor.” Strategies include corporate entities, family limited partnerships & LLCs, Land Trusts, and Irrevocable Trusts.
Attorney William Bronchick is a nationally-recognized expert on Title-Holding Land Trusts (aka, “Illinois Land Trusts”). Using land trusts to hold title to real estate affords privacy and anonymity for real estate owners. Read more at Coloradolandtrust.com.
Self Directed IRA-LLC
A popular strategy is to invest through a self-directed IRA. We can help you through the process of creating a self-directed IRA that will allow you to invest your funds in a broad range or non-traditional assets, such as real estate, precious metals, and tax liens. To limit liability and make operation easier, we can set up a special type of LLC and write an opinion letter to your IRA custodian.
Business Purchase or Sale
If you are buying or selling an existing business, we can help you prepare contracts, do due diligence, and draft transfer documents. We will help you decide whether to purchase assets or purchase the business entity, and advise you of the pitfalls and legal implications of the transaction.