All Forum Posts by: Satyajeet Dodia

@Satyajeet Dodia  Who signed your lease if not the deed holder and no a contractual relationships is not necessary to be sued. If you fail to remove icy conditions from the sidewalk after a winter storm and your neighbor slips and falls while walking their dog do you really believe they cannot sue whomever is the property owner because there is no contract? Same fact pattern but its your tenant who slips and falls instead..... what prevents the tenant from naming the property owner as a defendant in the lawsuit? Tenant's guest? Absolutely nothing. Deed holder is almost always named because its the easiest party to find...deed's are recorded and public.

It also sounds like the Wyoming LLC is the deed holder and the transactional costs associated with re-titling the real estate is likely going to be more expensive than continuing to maintain the Wyoming LLC. This is the unfortunate reality of most who over pay for asset protection, they don't have a clear understanding of what they are paying for and how the structures actually protect them.

@Satyajeet Dodia You are the latest to pay for their alarmist asset protection service provider's holiday vacations and children's college funds. As others have already noted this is completely overkill. You would have been perfectly fine with a TX LLC given that's where the properties are located. No need for a Wyoming LLC. The property management LLC's are the latest gimmick these alarmists use to drive up their revenues at their clients expense. Deed holders whether an entity or individual almost always get named as defendants. Period.

Your structure does nothing but provide plaintiff's attorneys additional defendants to add to claims which only complicates litigation. This is the reality but very few who seek out these services take the time to ask why and how these entity structures help.

Waaaay too much, lol it must be exhausting running all of those unnecessary companies.

Question - did the Business Advisors set up all of these entities and how much did they charge you to set them up?