Filing an LLC: Suggestions

[Evan O'Brien]

When filing an LLC to protect your Real Estate Estate business would it be best to file an LLC with an asset protection attorney to understand the full scope and details of what the LLC will protect? I know that service like legal zoom are able to file LLC's but I'm not sure if there is a difference in what the scope of the LLC will protect if it's filed through legal zoom as compared to an asset protection attorney?

[Richard Bechtol]

I think that the better option is to go with an Asset Protection Attorney. DIY services can cause more issues in the long run that sometimes people do not think about. Going with a good Asset Protection Attorney will give you the additional individualized guidance and resources that u=you do not get from something like LegalZoom. 

Many people swear by these DIY companies but most individuals that do have not had to actually use their structure for asset protection. It is rare that you find someone who had a DIY structure who actually has had their structure tested and still has a positive mindset.

With that said, I think you hit the nail on the head for the benefit of actually using an asset protection attorney that you will be counseled on the full scope of the structure and how it all fits together.