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Sean Robertson

Tax Prorations and The Multi-Board Residential Real Estate Contract 7.0

Prorations are covered by Paragraph 9 of the Multi-Board Residential Real Estate Contract 7.0 (“Contract 7.0”). The Contract 7.0 language governs the real estate contract in the suburbs of Chicago, Illinois. The Contract 7.0 is a standard real estate contract used by buyers, sellers, real estate agents, and attorneys. Paragraph 10 addresses the Attorney Review …

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Pros and Cons of Series LLCs for Illinois Landlord

ILLINOIS REAL ESTATE INVESTOR ATTORNEYS: SERIES LLC ATTORNEYS What is a Series LLC?  A Series LLC is a special form of a Limited Liability Company that allows you to form a “parent” company that functions like an umbrella organization over multiple subsidiary LLCs. These Subsidiary LLCs, or “cells” as they are commonly referred to, are …

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Is A Pre-Closing Home Inspection Good Prior to Selling a Home?

A Pre-Closing Home Inspection is a professional inspection, which reviews your house similar to a prospective Buyer hiring a home inspector. A Home Inspection is a report by a licensed home inspector that evaluates the major components of a house similar to a Buyer’s Home Inspection Report.  Benefits of a Pre-Inspection Report There are a …

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Estate Planning

SEAN ROBERTSON TEACHES UPCOMING CLE CLASS TO ATTORNEYS AND CPAS   Sean Robertson is the Principal and Estate Planning Attorney with Gateville Law Firm. Sean Robertson is on the National Faculty for the National Business Institute (“NBI”), which teaches attorneys, accountants, and CPAs about their estate planning legal issues. Sean Robertson is one of the …

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Should A Rental Property Be Put In An LLC?

Real Estate Attorneys for Landlords and Property Owners This article summarizes the benefits and disadvantages to placing rental properties in a Limited Liability Company in the State of Illinois. A Limited Liability Company, or otherwise known as an “LLC”, is a hybrid between a partnership and a corporation. In Illinois, LLCs have increasingly become the …

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Gateville Law Firm

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Yorkville, Illinois 60560