CR Corporation + Bank question

[quote=”stephleanne26″]Howdy!

I am in the process of purchasing a rental property near Playa Grande/ Tamarindo area. The fella has a the property already under his corp so I will need to move it mine once I create it… Getting a Corp – do you suggest using a lawyer, especially since I will not be there in person…. I already have a lawyer there in Tamarindo, just wondered if there is another route…After corp is created, I will need to set up a bank account I guess in Tamarindo… Do you suggest a bank that deals with more Americans with rental properties ?

Also random question – I would like to have a dune buggy or four wheeler on the property. Would I HAVE to have insurance for CR travelers ? Just have them sign some sort of “if you crash and break your arm – its all you”

Steph[/quote]

I’m not going to touch the 4-wheeler question because I don’t think you should have one for use by your rental guests! I don’t think that the added “marketability” even comes close to the added “liability”.

For the corporation, I don’t know any way to do it WITHOUT a lawyer, and the lawyer should be a notary as well, and the lawyer should be (in addition to someone”you know”) someone that comes highly recommended, and YOU should definitely be sitting in front of him/her IN PERSON when it is done – – the ONLY way to get a bank account now days is IN PERSON, so you might as well plan on making a trip and getting everything done all at once. And yes, I would suggest using BNCR or BCR, especially if you will be funding the account by wire transfer on occasion.