Thanks for reviewing my question (reposted due to my incorrect tags). Our intent is to hire, but answers will be helpful in making that decision.
We own a single family rental in CO (we live in CA), lot zoned for a duplex. We plan to partner with a CO developer. We put in the "land" (our house), he builds a duplex, we split the profit.
LLC will be formed with our Family Trust and Developer as members. Property will go into LLC, Developer will pay off existing mortgage before demo/construction starts.
We need LLC contract reviewed to answer our questions, and highlight pitfalls we don't see.
Seems to be a straightforward 9 page LLC contract. We prefer a local lawyer (Carlsbad CA) but not sure if it should be CO. Also unsure if this is Business Law, Real Estate or Trust, etc.
Estate Planning Attorney
as the LLC is being formed for a development in CO., it is recommended that you retain a real estate lawyer, with business background to assist in review of LLC contract.
You may also want to contact your Trust attorney to advise him or her that you may be adding this asset to the trust.
AVVO and the Colorado Bar Association can provide you with attorney referrals.