All posts by Brett Thompson

Do you need an attorney for a real estate closing?

Real Estate ClosingWhether it be buying or selling your home, or refinancing your mortgage, real estate closing transactions entail many legally significant issues, involving, among other things, buyers, sellers, real estate agents, title insurance companies, lenders, appraisers, surveyors, home inspectors and termite companies. More often than not, the interests of the various parties involved in a real estate closing transaction are not in line, which can lead to conflicts and even litigation. This is why you should have an attorney for a real estate closing.

Please be aware that under Virginia Law, title companies, also known as lay settlement companies, may only provide services of a clerical or ministerial nature. Title companies may not express any opinion as to the legal consequences of any of the documents its customers may sign at closing. Only an attorney may prepare legal instruments for another party and only an attorney can advise parties to a real estate closing transaction with regard to the legal implications of the wide array of documents presented at closing, such as the deed, promissory note, and deed of trust.

The attorneys at Thompson Law Group have conducted thousands of real estate closings since 2001, representing individual and corporate buyers and sellers, as well as individuals and companies refinancing debt. Our attorneys’ real estate knowledge and practice is not just transactional. They litigate matters regarding real estate, including, but not limited to, breach of contract suits, partition suites, landlord and tenant disputes, clouds on title matters, boundary line disputes, mechanic’s lien suits, and judgment creditor suits to enforce judgment liens. I also act as trustee in regards to foreclosures on behalf of note holders.

In any event, we encourage you to consult with an attorney before entering into a real estate transactions because curing legal problems regarding real estate matters is much more costly that avoiding them.
Finally, please don’t assume that attorney closings are more expensive than title company closings. Feel free to contact Thompson Law Group for a free quote and comparison.

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Protect Personal Assets By Incorporating Your Business Into A Limited Liability Company

 

 A Limited Liability Company is an excellent corporate form often used to protect personal assetsUsing an LLC to Protect Personal Assets

1.  Why Incorporate?

Incorporating a business provides a business owner with many advantages.  A Limited Liability Compnay is an excellent corporate form often used to protect personal assets. Using the corporate form to protect personal assets is commonly known as the “corporate veil.” It is an important tool individuals can use to protect personal assets from the attack of business related creditors and other possible plaintiffs.  There are many different types of business entities, including, but not limited to, C-corporations, S-corporations, limited liability companies(LLC), professional corporations, and professional limited liability companies.

2.  What is the first step?

Thompson Law Group, PLLC encourage business owners to consult with an attorney and their accountant before choosing to transact business through a particular corporate entity to ensure the entity is tailored to fit that particular business’ needs to minimize personal liability exposure and maximize tax benefits.

3.  Experience Matters

The attorneys at Thompson Law Group, PLLC have been representing small business owners since 2001.  Thompson Law Group, PLLC provides various legal services throughout the life span of a business.  We service clients from the creation of their corporate entities through the growth and eventual sale of their business.   Our services include:

  • Incorporation
  • Business Licensing
  • Commercial lease negotiations
  • Operating Agreements and Buy/Sell Agreements
  • Asset Purchase Agreements
  • Business Sales and Settlements
  • Stock Purchase Agreements
  • 501c3 non-profit organizations
  • Corporate Registered Agent
  • Franchisee Representation
  • Business Litigation
  • Business Dissolution

Feel free to contact Thompson Law Group, PLLC to discuss your business goals to determine which business entity is right for you.

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Check out our video: Corporate Law

 

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