All Forum Posts by: Marija Petrovic

@Stephen Morales it is vacation rental home (or second home) we've used it for vacation time, family and Airbnb in winter during season.

House is in Big Bear CA Sugarloaf, about 1000 sqf, 2 bed 1 bath large living room area all remodeled. there is also adjacent lot as part of the property where another house can be built or sold as separate lot.

My agent said we could sell it for 375k, the remaining loan balance is 258k and I would ask for 40k buyout.

Loan is FHA with interest 2.448%, loan payment $1800 a month, and my agent said we could rent long term for $2100 a month.

Loan is assumable (already checked with the mortgage company) and my partner said she would coordinate with new buyer for either her to assume the loan or new potential partner.

@Chris Seveney Our comapany is on the deed that we both own 50/50, I am the mortgage holder.

@Ken M. I don't know where to look for buyers to sell shares like this, should I list on Zillow?

@Greg Scott she doesn't want to sell. We have operating agreement but it wasn't signed by us, I guess we forgot to sign it. It is in my house lol. Our CPA sent us 3 years ago and we didn't sign it. But there are 2 certificates with shares of 50% each.

So since it wasn't signed does it mean default state LLC rules apply?

@Ken M. she doesn't want to sell. We have operating agreement but it wasn't signed by us, our CPA sent us 3 years ago and we didn't sign it. But there are 2 certificates with shares of 50% each.

My partner and I hold property 50/50. I want to sell, she doesn't. We have operating agreement but it wasn't signed by either one of us, so I guess that is unenforceable. 

What should I do? Should I force company dissolution?sa

I own 50% of company that holds a property, and I am looking to sell my share. Anyone has experience/advice when it comes to deals like this?

Thank you both @Jeff Nash and @Henry. 

No , LLC doesn't own any assets, I've had a partner in the past, we terminated partnership in 2021, I've got state filings to reflect that it is a single member LLC, and also got a new operating agreement where it shows me as only member, and my tax filings reflect a single member. Recently, I was curious if there is anything else that I should do on federal level, or any other way just to get a 100% confirmation that I'm the only member (besides state filings).

@Jeff Nash

@Henry Clark

@Jeff that means that I can't use the old EIN number anymore?

@Jeff Nashundefined

I have a questions hopefully someone can help me here, I am transforming LLC from partnership to single member, on state level is fine, but I'm intrested on what to do on federal level? Do I need to dissolve entity and then file a new LLC and new Ein?