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Updated over 7 years ago on .
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RE Attorney in TX - advice on Series LLC
I'm looking for recommendations for an attorney in Texas (preferably in the Dallas area) who specializes in real estate?
I am especially looking for an attorney who can help us evaluate if a "Series LLC" structure would be right for us. Also, will require help filing with the state and putting together the operating agreement.
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I'm not a lawyer and not giving legal advice - I'm not a CPA and not giving finical advice - Simply my opinions
To find a lawyer try checking on the Texas bar website www.texasbar.com
You can choose specialties such as Real Estate and professionals with an office location near you.
My $0.02 on the Series LLC concept - I read David Willis' books - it seems he likes the use of Series LLC's for asset protection. He also suggests your lawyer and your CPA are on the same page - finding that may be a difficult task.
I ended up skipping the Series LLC route to make things easier for me, my Lawyer and CPA.
If separation of assets is desired, it can be done with multiple LLCs at ~$1200 ea. Put as many properties or as much equity in each LLC as desired. Not really a big deal when you consider how much cleaner this approach is.