Georgia Short Sale Investor Needed
I need info on how to use a "throw-away" LLC to purchase short sales and REOs in Georgia. I want to create a LLC for a deal, then sell my interest to a new buyer. I know people are doing this In lieu of assigning the contract.
Obviously, a name and articles of organization must be filed with the $100 fee.
The Secretary of State says:
The articles of organization may be signed by any member of the
limited liability company, any manager if management is vested in one or more managers, or by an organizer if the entity has been formed but it has no members or managers. The filing attorney may also sign the articles of organization.
Is it best to NOT name members, eliminating the need to add/drop later.
If no members are listed, who signs the purchase/sale agreement? Can the "Organizer" do this? Should this be an attorney? Will the bank ask for articles of organization or something proving, that person has the athority of the LLC to enter into a contract?
Any help or suggestions greatly appreciated.
Thanks!