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Updated about 1 month ago, 12/08/2024
Commercial Property Question
Hello, Currently my business owns a piece of property that is paid for and has a corporation tied to it. We have a buyer for the property and now it has been discovered that the corporation paperwork was submitted to the state as a charitable contribution even though we are listed as a not for profit organization and have been listed this way for well over 40 years. Now I'm being told that because of the charitable contributions listed on the corporation paperwork we need to submit a full appraisal to the state and that the state attorney general needs to approve the sale. My question: Is there away around this so we can close on this property before the year end.