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Updated over 7 years ago on . Most recent reply

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46
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Mark I.
  • Rental Property Investor
  • Mount Prospect, IL
12
Votes |
46
Posts

Quick question for you guys buying with LLCs

Mark I.
  • Rental Property Investor
  • Mount Prospect, IL
Posted

Purchasing a property in another state, Michigan, and I'm being told they need my operating agreement for the purposes of creating the deed and for escrow "to ensure I have the authority to sign". In my home state I have never needed to provide my operating agreement, only my articles of organization showing myself as the manager and I would expect that would be sufficient for a purchase in Michigan as well (LLC is being registered to transact business in Michigan).

Have any of you LLC guys ever had to provide your op agreement for a purchase??

Most Popular Reply

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1,168
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Ryan Murdock
Pro Member
  • Rental Property Investor
  • Maui, HI
1,708
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1,168
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Ryan Murdock
Pro Member
  • Rental Property Investor
  • Maui, HI
ModeratorReplied

@Mark I. I've had to do it for banks I borrow money from. I'm curious - why the resistance to provide it? What's the risk?

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