How a Real Estate Business Hired a Lawyer to Draft a Real Estate Investment Agreement in Texas

In 2022, a business in Texas sought assistance in drafting a real estate investment agreement as part of their startup focused on wholesaling, fixing and flipping properties, and other ventures. The client needed to establish a single manager-managed LLC while ensuring legal protections against frivolous lawsuits and maintaining anonymity. With the guidance of their advisors, they aimed to incorporate specific provisions in their operating agreement to manage income distribution and member transfers effectively. As a result, the client received four proposals from licensed attorneys, with flat fee bids ranging from $495 to $1,200, all submitted to meet the client's deadline of one week.