Are You Making These 15 Asset Protection Mistakes?
Asset protection is a broad area of law that tries to shield assets from creditors and other parties. The American Bar Association says that asset protection is for “high-risk occupations (i.e., doctors and real estate developers) and very wealthy individuals that realize they are targets for creditors.” And while that’s true generally, in states like […]
How to Use Out-Of-State LLCs in Texas
If you’re a business owner moving to a new state like Texas and taking your LLC with you, one question can be at the top of your mind: how to legally bring the company with you. A common situation is maintaining registration in Delaware, and moving to a new state. Perhaps you want to maintain […]
13 Creditor Protected Assets in Texas
Texas is known as being a haven for debtors, going back to before it was even a US state. Protections for debtors against creditors run through Texas history and inform the state constitution. In an interview with Dallas Morning News, one advisor for JPMorgan called Texas one of the most debtor-friendly states, and said that […]
Why DIY Asset Protection Is a Bad Idea
One of the inevitable questions anyone has when they’re either educating themselves on asset-protection in Texas or developing a plan for it is whether or not to go the do-it-yourself route. The proliferation of DIY legal websites the past several years has made it easier to cut out the middleman and forge ahead solo. While […]