Category Real Estate

Blog, Business, Business Formation, Real Estate

Management and Control in Illinois Real Estate Investment LLCs

Understanding Management Structures Choosing the right management structure for your real estate investment LLC is crucial for efficient operations and achieving your investment goals. In Illinois, there are two primary management structures for LLCs: member-managed and manager-managed. Member-Managed LLC: In…

VishkoLaw LLC
June 25, 2024

Blog, Business Formation, Real Estate

Operating Agreements for Real Estate LLCs:

As a business and real estate attorney, I often encounter clients who are excited about the potential of real estate investments but are unsure about the legal intricacies involved. Although an operating agreement is not legally required in Illinois, it is one of the most crucial documents for any real estate LLC. This blog explains why an operating agreement is vital for your real estate investment and outlines the key issues it should address.

VishkoLaw LLC
June 11, 2024

Blog, Business, Business Formation, Real Estate

Introduction to Real Estate LLCs in Illinois

What is a Real Estate LLC? A Limited Liability Company (LLC) is a flexible business structure that combines the benefits of a corporation and a partnership. For real estate investors, forming an LLC provides significant advantages, particularly in terms of…

VishkoLaw LLC
January 9, 2024