Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
LLC dissolution and ownership
So here’s something I can’t answer myself, maybe a more experienced member will know this right off the bat.
What happens to a real estate asset's ownership status then the LLC that owns it becomes dissolved?
Here is the twist: The LLC that owns the asset only has a Manager-a foreign LLC.
The foreign LLC has the investor as a member.
I can't quite understand what could prove that the investor is the owner and beneficiary since the investor is the owner of the foreign LLC, but the foreign LLC is only a Manager of the asset holding LLC.
Thank you