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25 June 2024 | 1 reply
Transferring Your LLC via Will:Review Operating Agreement: Check if your LLC’s operating agreement addresses ownership transfer upon death.Update Your Will: Specify in your will that you intend to transfer ownership of the LLC to a named individual or individuals upon your death.Consult an Attorney: Seek advice from an attorney specializing in estate planning and business law to ensure your will is legally sound and compliant with state laws.Consider Tax Implications: Understand potential tax implications of transferring LLC ownership through your will and plan accordingly.Notify Your Successor: Inform the person named in your will about their future role in the LLC and provide necessary documents.Please feel free to reach out if you need any further assistance.
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25 June 2024 | 8 replies
I am partnering with an individual to do a live in flip.
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26 June 2024 | 5 replies
She is technically responsible for the paid agreement until November, but she is also the individual who posted the deposit...
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27 June 2024 | 14 replies
These individuals can help you avoid common mistakes in that market and provide the resources you need to succeed.
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25 June 2024 | 2 replies
I don't see how I can access it from here as an individual.
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25 June 2024 | 3 replies
I'm talking about the open-ended interactions, not situations where you've specifically spent your time for an individual.
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25 June 2024 | 11 replies
Characterizing an LLC as equivalent to fee simple real estate can only be done with single member, single asset LLCs.However, in a drop and swap scenario, the LLC would dissolve and the assets be deeded to the individual members.
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26 June 2024 | 8 replies
Thankyou everyone for your inputs. does having a family trust and putting properties in trust’s name rather than individual name also helps on liability reduction similar to LLC?
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25 June 2024 | 19 replies
I know this individual well, but not as well as family or a very close friend.
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28 June 2024 | 100 replies
Why I personally choose not to invest in ANY syndications whatsoever (TO BE CLEAR, I am not specifically referencing or referring to any of the named individuals or syndications in this thread whatsoever, nor am I specifically referencing a syndication company with the name "ANY" in its legal name).