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Updated over 3 years ago on . Most recent reply

User Stats

15
Posts
9
Votes
Jessica S.
  • Little Elm, TX
9
Votes |
15
Posts

asset protection firms

Jessica S.
  • Little Elm, TX
Posted

We are just starting out and trying to get the right entity formed before we purchase our first rental property. I have been doing a lot of research on the best strategy, and it seems that every attorney/expert seems to contradict every other attorney/expert. I have been looking at working with the following firms, and they all seem to have different opinions on Nevada/Wyoming entities, series LLC, land trusts, etc. I am just not sure who to believe at this point, since I am obviously not an attorney. Anyone have experience with any of these companies?

- Clint Coons / Anderson Advisors

- Megan Hughes / Smart Business Incorporation

- Garrett Sutton / Sutton Law Firm / Corporate Direct

- Mark Kohler / Kyler Kohler Ostermiller & Sorensen

Most Popular Reply

User Stats

15
Posts
9
Votes
Jessica S.
  • Little Elm, TX
9
Votes |
15
Posts
Jessica S.
  • Little Elm, TX
Replied

@Prab C., I would say they are pretty cost-effective (around $1000 or less per entity). It's set up so that an "Incorporation Specialist" handles your account, and I have never spoken with an attorney (although my accounting firm did speak with Garrett Sutton to get his recommendation on how to structure everything before we proceeded). There is not a lot of hand-holding/explaining. It kind of feels like basically just filing the papers and not much explanation behind anything. I personally would still use them again because I like their approach/strategy for asset protection. Every company will have pros and cons. I do wish there would be a little more explanation behind each step. But I get the feeling that the "Incorporation Specialist" is more of a frontline employee, so they're definitely not at the same level as an attorney. 

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