Lone Star Land Law has pioneered the use of creative methods of achieving asset protection
Houston, TX (PRWEB) May 09, 2012
David Willis of Lone Star Land Law has pioneered the use of creative methods of achieving asset protection, particularly the use of the new series LLC which organizes assets into separate, insulated compartments and is an ideal vehicle for real estate investors who multiple properties. Willis comments, “According to our sources at the state, Lone Star Land Law and Texas Series LLC have formed more series companies than any other Texas law firm. The series LLC is particularly valuable when used as part of our recommended two-company strategy – that is, having one company act as a shell management company while a separate series LLC stays in the background and acts as a holding company for investments.”
“The Certificate of Formation for an LLC in Texas,” states Willis, “(or, if we’re dealing with a Nevada company, the Articles of Organization) requires three names and addresses: the registered agent who must have a physical street address for service of process within the state; the organizer (must be an “authorized person”); and the initial manager. If our firm acts as registered agent and organizer, then we can achieve client anonymity by naming a land trust as initial manager.” Willis adds, “This is not a simple technique. It requires the use of our specially-crafted trust in order to work.”
David Willis is a 30 year, board certified in both residential real estate law and commercial real estate law by the Texas Board of Legal Specialization. He is also a licensed real estate broker. His specialty is the intersection of real estate and asset protection. He is frequent lecturer at investor clubs and organizations. Approximately 50 of Mr. Willis’ articles on real estate, asset protection, and other topics of interest to real estate investors appear on his websites LoneStarLandLaw.com and TexasSeriesLLC.com.
David Willis Attorney