Llc

[Fernando Leal]

Starting some investing in Texas. I am going to open a llc, but I don't know in what state I want to open my llc. I suppose in Texas because if something where to happen that is where the legal case would take place. However in Nevada if a case come against your property, you are not forced to sell rather distribute funds from profit.

[James Miller]

Texas has a similar charging order statute as Nevada; meaning, they can't foreclose your LLC interest, they can merely get distributions.

http://www.statutes.legis.state.tx.us/Docs/BO/htm/... 

is the law. But, remember, this is if the owner of the LLC is sued INDEPENDENTLY of activities of the LLC. I.e., Owner A defaults on his personal mortgage and is sued, and the bank is trying to get at the assets in the LLC.

Texas has great LLC statutes. So does Nevada and Delaware.