A member of the State Bar of Illinois with over 10 years of legal experience, Robert Lattas has worked as not only a real estate closing lawyer, but also a tax accountant and an instructor of accountancy. Moreover, Robert Lattas’ experience includes dealing with finances and the law of real estate transactions, two crucial components of a reliable real estate lawyer.
Real estate lawyers review the terms of contracts for buying and selling property. People involved in a foreclosure or exploring the option of a short sale, as well as investors, are among those potentially to benefit from the assistance of a real estate lawyer, who has an edge over real estate agents who are not generally licensed to practice law.
While checking the credentials of your would-be lawyer is encouraged, you would likely do well to inquire about the types of cases that he has worked on in the past to determine if his services are best suited to your needs.
A member of the State Bar of Illinois, Robert Lattas has been practicing law in Chicago for more than 10 years. In 1998, Robert Lattas completed an internship at the White House before going on to receive both his juris doctor and master’s degree in accounting from Indiana University Bloomington.
Although grade point average and Law School Admission Test scores figure prominently in law school admission decisions, the importance of additional factors like internships should not be underestimated; extracurricular experiences accrue great advantages to anyone planning to pursue a job after graduation.
Internships are important for several reasons. Firstly, many can help fund your education. Secondly, they offer access to employees at multiple levels and can become instrumental in establishing and facilitating the development of a professional network. Lastly, they demonstrate to prospective employers that you possess real-world experience and a familiarity with the expectations associated with work in your field.
The recipient of a juris doctor and a master of accountancy from Indiana University, Robert Lattas has taught at Nova Southeastern University and DePaul University. Robert Lattas has concurrently operated a private law practice, Lattas Law, in Chicago since 2002.
Real estate is one of Lattas Law’s primary areas of practice. Focused on residential real estate, its attorneys teach clients who are buying or selling properties about their legal rights and obligations, negotiate contracts, review documentation, and ensure that buyers receive clear and good title to their properties. Moreover, Lattas Law attorneys help clients understand various related financial considerations, explaining, for example, the consequences of how married couples categorize home ownership.
Business owners can also turn to Lattas Law for guidance. Among other services, the firm’s attorneys provide advice on company formation and structure and, after discussions with a client, can determine whether an S or a C corporation, a limited liability company, or a partnership would best serve the client’s purposes. Additionally, they offer counsel on high-level tax matters. To book an appointment with the firm, visit www.lattaslaw.com.
The proprietor of Lattas Law in Chicago, Robert Lattas practices real estate and corporate law. In charitable matters, Robert Lattas supports Saints Constantine and Helen Greek Orthodox Church.
Located in Palos Hills, Illinois, Saints Constantine and Helen Greek Orthodox Church carries on a tradition of Greeks in America going back over 100 years. Immigrants to Chicago initially resided on the West Side and set up their first church in 1897. As they moved toward the South Side, the need for a closer religious institution became more apparent. In 1910, the first incarnation of Saints Constantine and Helen Greek Orthodox Church opened. As the 20th century continued, the parish moved several times to accommodate its growing membership before adopting its current home.
Today, Saints Constantine and Helen Greek Orthodox Church runs a number of organizations and social services to provide its parishioners with the most fulfilling experience. Young people can build friendships and learn about God through its Junior Orthodox Youth and Greek Orthodox Youths of America programs. Individuals between the ages of 18 and 35 who want to share in cultural and spiritual events can take part in its Young Adult Fellowship. Its philanthropic endeavors include ministries that aid persons who are grieving, who cannot leave their homes, and who are ill. For more information about its initiatives, log onto www.stconstantinehelen.org.
Robert Lattas, who has practiced real estate law in Chicago for more than 10 years, has helped thousands of clients complete successful property transactions. At his firm, the Law Office of Robert D. Lattas, he advises investors, developers, buyers, and sellers on a range of issues, including lending and appraisal matters.
Sometimes an unexpected home appraisal figure can throw a wrench into a sale contract. A few tips can help ensure that both buyers and sellers are prepared for the appraisal stage. First, buyers should make sure that their contract includes a contingency clause that returns the down payment to them if the appraisal value is below the offer amount. From there, the buyer can choose to renegotiate the offer or walk away without penalty.
Sellers should prepare for the appraisal by researching county records. While the county may over- or underestimate the home’s value, appraisers do generally take the county’s assessment into account. Also, sellers should keep in mind that customized upgrades do not always add value to the home. In fact, highly specialized modifications can lower the appraisal value.
Through the Law Office of Robert D. Lattas, attorney Robert Lattas serves clients in a number of areas, including real estate and tax planning. He and his team also offer individuals guidance in the formation of a corporation.
All corporations are formed as C corporations. They only become S corporations if the members of the entity decide to file for S status. These two different statuses relate to the taxation of the business. C corporations face double taxation: the entity pays taxes on net income and then shareholders pay taxes on distributions. S corporations, on the other hand, only face taxation on the shareholder level.
To be eligible for S status, corporations must have no more than 100 shareholders who are all resident aliens or citizens of the United States. In addition, the corporation must adopt a calendar fiscal year.
The paperwork involved with obtaining S status can prove daunting. However, the benefits for companies that are small enough achieve S status are great.
As head of the Law Office of Robert D. Lattas in Chicago, Robert Lattas specializes in representing real estate developers, property investors, and homebuyers. In addition to serving as a real estate closing attorney, he also advises businesses on matters such as incorporation.
When deciding whether to form a business as a simple corporation, a limited liability corporation (LLC), or a limited liability partnership (LLP), there are several factors to consider. Those seeking corporation status must decide between the different tax options presented by the S and C corporation types. Alternatively, an LLC provides individuals, groups of people, or companies several legal and tax advantages over simple incorporation.
Another option available to a group of individuals is to form a limited liability partnership, which can offer several benefits over forming a traditional partnership. Consult an experienced attorney before deciding which corporate structure is best suited to the needs of a particular business.