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Updated almost 11 years ago,
How do I word offer when entity does not exist yet.
Hi BP,
I'm working on an offer to purchase an REO property, financed on commercial money. The property will be purchased and held in a yet to be formed, entity between Myself and one partner. In Wisconsin an LLC can be formed in a few days but We are not quite sure of the Operating Agreement untill the terms of sale are complete.
I've had conversations with the bank that owns the property and I think that were pretty close on terms. Now I want to get it under contract. There are a buyers and sellers RE agent involved.
I just want to be upfront with all parties involved and avoid snags in the future.
So Who's name goes in the purchasers box? The two partners?
Thanks, John