Escrow and LLC
#1
Escrow and LLC
Hi, Can anyone recommend a reasonably priced Escrow Attorney who can also set up an LLC ? Preferably in Houston Texas. Thanks
#2
Re: Escrow and LLC
Set up your own LLC. It is absurdly easy, with very little information reqd. You can do most of the set up on line, then print, sign and mail the forms. The only reason to use an attorney to form an LLC is if have $500 you need to throw away.
#3
Re: Escrow and LLC
Thank you for your reply. I am looking for someone who can do both. Set up the LLC and hold the escrow.
#6
Bloody Yank
Joined: Oct 2005
Location: USA! USA!
Posts: 4,186
Re: Escrow and LLC
It's easy enough to form it yourself. Read this: http://www.nolo.com/legal-encycloped...llc-31745.html
If you have partners, then you may want to hire a lawyer to draft the operating agreement.
If you have partners, then you may want to hire a lawyer to draft the operating agreement.
#7
Re: Escrow and LLC
Thank you. It is the escrow attorney recommendation I need the most. Any recommendations please.
Forget the LLC . I know that bit is easy .
Forget the LLC . I know that bit is easy .
#8
BE Forum Addict
Joined: Feb 2010
Location: Temecula, CA
Posts: 4,759
Re: Escrow and LLC
Why do you need an escrow attorney when setting up a new business? Or are the two unrelated?
#10
BE Forum Addict
Joined: Feb 2010
Location: Temecula, CA
Posts: 4,759
Re: Escrow and LLC
I know I'm not answering your question but... if you're buying a business, why do you need a new LLC? Doesn't a business's credit history start from zero if you do that, whereas if you buy the business and keep the same name (or use a DBA) you get to benefit from past credit history?
#11
Re: Escrow and LLC
I'm not in the US . I just want a simple recommendation.
Forget the business, and the LLC . I just want a recommendation.
Forget the business, and the LLC . I just want a recommendation.
#12
BE Forum Addict
Joined: Feb 2010
Location: Temecula, CA
Posts: 4,759
Re: Escrow and LLC
My questions were about trying to save you money and credit by possibly not needing an escrow attorney.
#13
Bloody Yank
Joined: Oct 2005
Location: USA! USA!
Posts: 4,186
Re: Escrow and LLC
If I'm not mistaken, Texas uses title companies to handle escrow. State traditions vary, but lawyers aren't necessarily required in the US. (I presume that in the UK, solicitors are always needed.)
If you're using a real estate agent, just ask him or her for a referral. For a simple transaction, title and escrow should be fairly routine and straightforward.
If you're using a real estate agent, just ask him or her for a referral. For a simple transaction, title and escrow should be fairly routine and straightforward.
#15
Re: Escrow and LLC
A few years back my wife was developing some software for a Japanese trading house and the contract called for the finished code to be held in Escrow - the client only got access to it if we breached certain conditions. I believe we used Blue Mountain for that, but they are based in California - don't know if that is any use if you specifically need a Houston based company. If so, as others have said, I suspect any of the regular Title companies should be able to help.