Limited Liability Company (LLC)
A limited liability company (LLC) is one of the most effective vehicles for shielding your wealth from creditors and lawsuits. The LLC entity can own your residence and other real estate, stocks and savings, or other property, holding those assets at arm’s length from your personal estate.
The experienced attorneys of The Law Offices of Kennedy & Jackson are knowledgeable about asset protection strategies. They know how to properly establish an LLC, operating agreement and related provisions to shelter wealth from judgments and other threats.
ASSET PROTECTION VIA LIMITED LIABILITY COMPANY (LLC) ATTORNEYS IN HARRIS COUNTY FOR BUSINESS AND ESTATE PLANNING
In Texas, creditors generally cannot pry open an LLC and attach its assets. Their only remedy is to go to court to obtain a charging order against distributions. So long as you do not make distributions from the LLC, its contents are shielded.
Attorneys Thomas Kennedy and David Jackson have 30 years of combined experience, and both are certified as estate planning specialists by the Texas Board of Legal Specialization. They can address the nuances of a limited liability company as a tax-neutral business entity as well as its advantages as an estate planning and asset protection vehicle.
We advise business owners, professionals and other high net worth individuals who have accumulated substantial assets that are vulnerable to lawsuits and creditor claims. Certain assets cannot be protected by an LLC, and the charging order statute is not absolute. We can help clients make an educated choice between a limited liability company, a family limited partnership, an asset protection trust— or a combination of these strategies to distribute the risk.
HOUSTON, TEXAS, BUSINESS AND ESTATE LAWYERS
The Law Offices of Kennedy & Jackson serves clients in Greater Houston, Harris County and beyond. We are located in the Galleria area of Houston, with free on-site parking available next to our office building. We provide a complimentary — and confidential — initial consultation to all new potential clients.
To schedule an appointment with one of our lawyers, call 713-783-7444 or send us an email.