Before I go another step let me make clear that I am not a lawyer, or licensed in anyway to provide you with legal advice. What I am about to tell you is simply a strategy that I use to prepare myself to be sued sometime in the future.
With that said lets jump right in and get to it. I said that I use this strategy in order to prepare myself when I get sued. You may be asking yourself why I am preparing to be sued rather than using strategies to prevent myself from being sued. I'm simply keeping it real! And I suggest you do the same.
You see there are a lot of attorney's out there that make their living by suing people for other people. Even if you don't own any property or do any business deals your chances of getting sued are 1 in 4. When you own property your chances go up from there. Own 4 properties and your chances are about 1 in 1.
One simple way to protect you from personal liability is to deed your investment properties into a company entity. I have two different entities setup depending on the structure of the Real Estate Investment. I put rentals into a Limited Liability Company and Rehabs, wholesales and anything that I expect a quick sale and capital gains on. Consult your tax attorney or account to see what is best for your business.
There are a couple of things that you need to be aware of if you decide to deed your property into an LLC or Corp. First is that if you are using a bank to finance your properties you probably secured the loan in your own name. The bank expects that if you buy the property you will keep the property in your name. Well that's all good but it doesn't offer that layer of protection that having your property in your company name. If the bank wants there is what's called a due on Sale cause that the bank could use because it violates the terms of the mortgage. From my experience if you are making payments and don't give the bank reason to exercise this then chances are you will be alright. Again I am not an attorney so check with a professional that specializes in asset protection and Real Estate specifically.
For more articles about investing in Real Estate please visit www.reihouses.com
About the Author
Mr. Blanton is a season Real Estate Investor in Central Ohio.
Friday, April 27, 2007
Birth Injury
Some times in life we face terrible experiences. Some people have experienced traumatic things such as a birth injury in a child. A person may not understand what happened. What went wrong? How do you find out? This is a good time to know that a Birth Injury Lawyer may be the best help you can get.
You can easily find one on the Internet . But remember this is a very specialized field of Law. The Lawyer must be an expert .
A Birth Injury Lawyer can help you get the information you need so that you know what happened and if there is someone at fault. If there is, he can best help you seek justice. If it becomes clear that there was negligence on the part of some individual he can help prepare the necessary documents for legal redress.
You must understand that such an injury is not always the fault of somebody. But the The Birth Injury Lawyer can help you determine that and explain the situation to you. This will at least give you peace of mind knowing that it was something that just happened that was not avoidable.
It is good to know that you can easily find a Birth Injury Lawyer. In these complex situation the family lawyer will just not do. So be sure to look for that expert. This is your best chance that you will be assured of the best results. Fortunately you can find these expert on the Internet in almost every State of the Union.
As a former Judge I would like to make one last observation, Legal Experts in this area are generally very sensitive and great supporters for the families suffering from such a traumatic situation.
Al Villa is a former Judge. He loves to do research and write Articles about Law. You can find his articles at Lawyers and Attorneys. You may use the Articles as free content as long as they are copied in full including this resource box.
About the Author
Al Villa is a former Judge. He loves to do research and write Articles about Law. You can find his articles at Lose Weight Fast You may use the Articles as free content as long as they are copied in full including this resource box.
You can easily find one on the Internet . But remember this is a very specialized field of Law. The Lawyer must be an expert .
A Birth Injury Lawyer can help you get the information you need so that you know what happened and if there is someone at fault. If there is, he can best help you seek justice. If it becomes clear that there was negligence on the part of some individual he can help prepare the necessary documents for legal redress.
You must understand that such an injury is not always the fault of somebody. But the The Birth Injury Lawyer can help you determine that and explain the situation to you. This will at least give you peace of mind knowing that it was something that just happened that was not avoidable.
It is good to know that you can easily find a Birth Injury Lawyer. In these complex situation the family lawyer will just not do. So be sure to look for that expert. This is your best chance that you will be assured of the best results. Fortunately you can find these expert on the Internet in almost every State of the Union.
As a former Judge I would like to make one last observation, Legal Experts in this area are generally very sensitive and great supporters for the families suffering from such a traumatic situation.
Al Villa is a former Judge. He loves to do research and write Articles about Law. You can find his articles at Lawyers and Attorneys. You may use the Articles as free content as long as they are copied in full including this resource box.
About the Author
Al Villa is a former Judge. He loves to do research and write Articles about Law. You can find his articles at Lose Weight Fast You may use the Articles as free content as long as they are copied in full including this resource box.
Are You Making This Lawyer Mistake?
Many attorneys like to write and are good writers, but they become so bogged down in their day-to-day practice that they don't make the time to get themselves published. This is a mistake. With the plethora of opportunities out there, coupled with the chance to become better known and gain business opportunities, it is foolish not to publish.
There are many different reasons to publish. First, by publishing in bar association magazines, legal newsletters, law books or legal newspapers, you gain notoriety and establish a reputation as being an authority in your chosen field. The legal community can be a surprisingly small one, and referrals are a huge source of business.
Referrals can come from other attorneys who don't practice in a given field, as well as from attorneys who can't take a case due to an ethical conflict. Beyond referrals, consider your own newsletter - it could provide your clients desired information, and they will be impressed by your knowledge and expertise.
Another possibility in publishing is to reach out to a potential client directly. Writing on legal issues for trade publications, for example, is one way to reach out to a desired client group. An attorney I know made a great living writing for mortgage banking associations, in order to reach mortgage lender and broker clients. Another wanted to break into employment law, and began writing for human resources publications. And another markets himself to car dealerships and their particular interests and issues. Think about what your potential client will be reading.
Some attorneys write for general publication newspapers, or magazines geared toward a particular population. If you are interested in women's issues---like family and medical leave laws, custody or child support issues--write for a women's magazine. If you want to do estate planning, or benefits, reach out to senior citizen organizations.
Don't rule out the internet as a valuable resource for publishing articles as well. Many attorneys maintain articles on their websites, or even start their own blogs. Some write for bulletin boards or newsgroups. Some seek out informational websites, like about.com, lawinfo.com, nolo.com, or findlaw.com.
You could also write articles for a nonprofit group or industry group website, with your name and information posted on their website. There are many publishing guides out there. The Writers Market, which come out once a year, sets forth potential ways to publish your work, and is organized by different markets and audiences. Brainstorm and be creative, and get ready to reap the rewards!
About the Author
Jack McDonough is a Colorado CPA, speaker, coach, author, and consultant to professionals in the legal and accounting industries who desire to make more money while working less hours. Jack is President of Wealthy Professionals LLC. www.wealthyprofessionals.com
There are many different reasons to publish. First, by publishing in bar association magazines, legal newsletters, law books or legal newspapers, you gain notoriety and establish a reputation as being an authority in your chosen field. The legal community can be a surprisingly small one, and referrals are a huge source of business.
Referrals can come from other attorneys who don't practice in a given field, as well as from attorneys who can't take a case due to an ethical conflict. Beyond referrals, consider your own newsletter - it could provide your clients desired information, and they will be impressed by your knowledge and expertise.
Another possibility in publishing is to reach out to a potential client directly. Writing on legal issues for trade publications, for example, is one way to reach out to a desired client group. An attorney I know made a great living writing for mortgage banking associations, in order to reach mortgage lender and broker clients. Another wanted to break into employment law, and began writing for human resources publications. And another markets himself to car dealerships and their particular interests and issues. Think about what your potential client will be reading.
Some attorneys write for general publication newspapers, or magazines geared toward a particular population. If you are interested in women's issues---like family and medical leave laws, custody or child support issues--write for a women's magazine. If you want to do estate planning, or benefits, reach out to senior citizen organizations.
Don't rule out the internet as a valuable resource for publishing articles as well. Many attorneys maintain articles on their websites, or even start their own blogs. Some write for bulletin boards or newsgroups. Some seek out informational websites, like about.com, lawinfo.com, nolo.com, or findlaw.com.
You could also write articles for a nonprofit group or industry group website, with your name and information posted on their website. There are many publishing guides out there. The Writers Market, which come out once a year, sets forth potential ways to publish your work, and is organized by different markets and audiences. Brainstorm and be creative, and get ready to reap the rewards!
About the Author
Jack McDonough is a Colorado CPA, speaker, coach, author, and consultant to professionals in the legal and accounting industries who desire to make more money while working less hours. Jack is President of Wealthy Professionals LLC. www.wealthyprofessionals.com
Subscribe to:
Posts (Atom)