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Updated about 12 years ago on . Most recent reply
Has anyone started a separate management company for added protection?
I read an article written by an attorney that suggested starting a separate management company to provide another layer of protection in the event of a lawsuit. Has anyone done this? Is it worth the trouble?
Here's the article. Scroll down to "The Recommended Two Company Structure". The rest of the article is worth a read. There are many more good articles on this site as well. This is in TX btw.
http://www.lonestarlandlaw.com/Asset-Protect.html
I'm making preparations to get kicked off doing mobile homes. It looks like I'm going to start with one LLC. I'm still researching the Series LLC but haven't made a decision on it yet. That's for another thread.
Thanks for the input. It looks like I'm going to have to place a call to an attorney soon.