Property, LLC, and Company Structure
As a real estate investor, you have to understand that lawsuits are a business and they’re serious. Insurance will not protect you from most lawsuits that will happen regarding the transaction of your buying and selling of real estate. Every time you’re entering into a contract, every time you actually sell a piece of property, every time you’re leasing a property to a tenant, these are all things that insurance doesn’t cover. The only thing that is going to save you and your hard earned dollars is an asset protection strategy. That is the property LLC and company structure. What I do, is I make it, so that if anybody looks to sue you, it’ll look like you own nothing. That if they were to sue you, that it’ll make it a nightmare for them to try to come after you. And what does a nightmare mean in litigation? It means having to risk thousands and thousands of dollars with the mere hope of being able to get something out of the other party. Now ask yourself, as an investor, and as a businessperson, do you go to Vegas rolling dice, hoping that you’ll recover? Probably not, and neither will an attorney, that they might have to take the case on contingency. Unless attorneys are in the business of only taking basically guaranteed wins. And we make it such that it is a gamble for them to try to come after your money. They just won’t do it and that’s what we specialize in. We make it as difficult as possible at Royal Legal Solutions for anybody to find out what you own or for them to succeed against you in a lawsuit. And even if they were to succeed against you in a lawsuit, their ability to come after your assets would be minimalized to the fullest extent of the law. My name is Scott Royal Smith, I’m with Royal Legal Solutions. I’m an asset protection attorney who specializes in real estate asset protection. I’m a real estate investor myself and I’d like to help you.