You could probably also utilize the same device to declare what can and what cannot be passed along to the new buyer of the LLC.

Even if they don't like it, there isn't anything they can do to slow it down - there is way too much muscle behind the oil.Adam Metzker what are you working on specifically in Dickinson?

This was here first and they come and muscle everything in a huge well head protection area out.they have bought every property on this side on the road for a 1/4 mile or more each way and everything down to the river about 2 miles back in.

Speaking of collateral, personal property doesn't require much at all to declare an event of default.

Here's just one article where they are declaring that the recession is coming to an end.

My LLC and I are listed as the insured and it would not matter if I were listed sole propriety I’d still have to add the coverage.I am a GC listed on my insurance declarations to do “general construction”, so if I did 4-plex design work myself uninsured and/or hire an uninsured pro, yes my insurance would be null and void for the design and construction.

As I showed in my example, because Investor #2 didn't have enough savings early on when a large expense came up, he may have had to try to borrow 32k or sell a property (which he could take a hit on if the value of the property took a hit due to the housing market) or even have to declare bankruptcy.  

I'd still have questions like what if seller declares bankruptcy or doesn't pay income taxes and IRS seizes the asset, or the mortgage calls the loan with the due on sale clause.  

I would also change the language in your lease to read all pets must be declared at the start of tenancy and any pets not stated on the lease, must be approved by the landlord in writing or will be in considered in violation and grounds for eviction. 

If there is an earnest money dispute it is quite possible that the Brokers must resolve this between themselves or send it to the state for a declaration as to disbursement.