Dallas-Fort Worth Real Estate Investor Club

LLC

  • 22 Apr 2011 6:35 PM
    Quote
    Message # 575716
    Suzanne Metzgar
    Who have you used to create your LLC?  Anyone in the NE Tarrant or HEB area
  • 23 Apr 2011 5:07 AM
    Quote
    Reply # 575923 on 575716
    Tim Cook
    Suzanne Metzgar wrote:Who have you used to create your LLC?  Anyone in the NE Tarrant or HEB area


    Hi Suzanne

    He's not in Tarrant or HEB but I highly recommend Bryan Dunklin in Dallas at (972) 863-3348.  He's been teaching RE Law for about 30 years and is very reasonable. 

    Please tell him Tim sent you.

    Tim Cook

    AllWholesaleProperties.com

    GetFreeElectricityToday.com

     
  • 23 Apr 2011 5:50 PM
    Quote
    Reply # 576330 on 575716
    Deleted user
    May consider a series LLC instead.  Go to www.texasseriesllc.com for more information.
    Last modified: 23 Apr 2011 5:50 PM | Deleted user
  • 25 Apr 2011 5:05 PM
    Quote
    Reply # 577355 on 576330
    Suzanne Metzgar
    Rocky Vasquez wrote:May consider a series LLC instead.  Go to www.texasseriesllc.com for more information.


    Thank you for the link.  Is this what you did?  Did you use this lawyer, or someone local?  I have heard Greg talk about this, and I am glad I could get some prelimenary information.  I would like to work with a local attorney, though.  I appreciate your response to my question.

     

    Suzanne
  • 25 Apr 2011 6:45 PM
    Quote
    Reply # 577429 on 575716
    Deleted user
    You can do it yourself. Go to your local library and find a book regarding setting up an LLC or a series LLC in Texas. The book will tell you one of the most important things is running it like a business, holding and keeping minutes, etc. That is also what an attorney will tell you. There are instructions on the process of setting up an LLC on  Doing Business in Texas website. Just google it. After that if you feel uncomfortable doing it I would recommend Gaylene Rodgers Lonergan.  Managing Attorney of Lonergan Law Firm, PLLC - Full Service Real Estate Firm.
  • 26 Apr 2011 11:08 AM
    Quote
    Reply # 578073 on 575716
    Robin Carriger (Administrator)
    Suzanne Metzgar wrote:Who have you used to create your LLC?  Anyone in the NE Tarrant or HEB area

    I really like Real Estate Attorney, Bryan Dunklin.  He can be reached at texaslaw@email.com.  Please tell him I referred you.
  • 26 Apr 2011 1:24 PM
    Quote
    Reply # 578158 on 577355
    Deleted user
    Suzanne Metzgar wrote:
    Rocky Vasquez wrote:May consider a series LLC instead.  Go to www.texasseriesllc.com for more information.


    Thank you for the link.  Is this what you did?  Did you use this lawyer, or someone local?  I have heard Greg talk about this, and I am glad I could get some prelimenary information.  I would like to work with a local attorney, though.  I appreciate your response to my question.

     

    Suzanne

    Suzanne,
    After a whole lot of research and comparing different attorneys I decided to go with this company.  I have filed a LLC by myself but did not feel comfortable with filing the series LLC and decided to pay the professional to do it.  I received all docs after just 2 weeks and would highly recommend them again.
  • 28 Apr 2011 5:26 AM
    Quote
    Reply # 579421 on 575716
    Deleted user

    Suzanne,

    I am NOT an attorney and am NOT giving you legal advice. That said, why are you doing a series LLC? For the beginning investor, a standard LLC is almost always the solution of choice. Series LLC's are great if you are doing high transaction volume. Most new investors don't do that right out of the box.

    I sugest you talk to an attorney, but then TALK TO A CPA. The attorney's job is to scare you to the point you never leave your home and don't do an business. You might use what they have to offer once or twice in your career. You WILL use what a CPA tells you either yearly or quarterly.

    What I recommend to my students is to talk to an attorney who understands Real Estate Investment, then talk to a CPA who REALLY understands it.

    As for filing your own single member LLC it is very easy to incorporate an LLC in Texas. Google Texas SOS Direct and it will take you to the website for the Texas Secretary of State (where you file the incorporation). Most of what an attorney is going to offer you (i.e. operating agreement) has the most value if your situatiion involves more than a single member.

    Let me know if there is something else I can do to help you.

    -Greg Wilson (The REI Mentor - www.reimentor.com)

Powered by Wild Apricot Membership Software