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redlobster May 15th 2013 3:14 pm

Escrow and LLC
 
Hi, Can anyone recommend a reasonably priced :D Escrow Attorney who can also set up an LLC ? Preferably in Houston Texas. Thanks

Pulaski May 15th 2013 3:41 pm

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. :D

redlobster May 15th 2013 3:49 pm

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.

Pulaski May 15th 2013 3:52 pm

Re: Escrow and LLC
 

Originally Posted by redlobster (Post 10709315)
Thank you for your reply. I am looking for someone who can do both. Set up the LLC and hold the escrow.

So take the Escrow attorney the LLC you have set up. :confused:

redlobster May 15th 2013 3:55 pm

Re: Escrow and LLC
 
Ok, thank you. So can you recommend an Escrow Attorney in Houston Tx

RoadWarriorFromLP May 15th 2013 4:16 pm

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.

redlobster May 15th 2013 4:23 pm

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 .

GeoffM May 15th 2013 4:33 pm

Re: Escrow and LLC
 
Why do you need an escrow attorney when setting up a new business? Or are the two unrelated?

redlobster May 15th 2013 4:53 pm

Re: Escrow and LLC
 
Yes its a purchase. I want an Escrow Attorney to hold the funds.

GeoffM May 15th 2013 7:26 pm

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?

redlobster May 15th 2013 7:34 pm

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.

GeoffM May 15th 2013 8:13 pm

Re: Escrow and LLC
 
My questions were about trying to save you money and credit by possibly not needing an escrow attorney.

RoadWarriorFromLP May 15th 2013 8:19 pm

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.

Weeze May 15th 2013 8:33 pm

Re: Escrow and LLC
 
http://www.stewart.com/houston/homepage

We just used these with no issues.

Yorkieabroad May 16th 2013 3:45 am

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.


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