Question about sub-licensing space
I’m looking to become the leaseholder of a small psychotherapy office and I’d like to sub-license a few offices, as is common in my area. I’m new to commercial real estate so there’s a lot I don’t know. Does it make sense to form an LLC or otherwise incorporate for the purposes of collecting tenant rent so as to keep that stream separate from my practice income? Are there financial advantages to this? Is this something I should discuss with a real estate lawyer? Thanks.
[{"id": "ey84lqz", "text": "Yes. Your CPA will be the best resource in this regard. You may also want to make sure your bookkeeper is well versed in how to handle real estate operating expenses.", "replies": [], "depth": 1}]