Jonn Vidal
Notarizing Power of Attorney from CA for Cash RE Purchase in NY
28 June 2021 | 1 reply
Closing secretary provided the Statutory Short Form Power of Attorney for me to sign and get notarized.But the NOTARY section at end of document has the STATE OF NEW YORK COUNTY OF NASSAU filled out!
Andrea Kugelman
Multiple LLCs vs LLC and land trusts
8 July 2014 | 6 replies
You can likely go to your secretary of states' website, punch in the entity name and obtain information such as the manager's names and address (which depending on your organization, it could list your name and address).
Chris Wallace
Whosalers do you use a business entity?
13 January 2014 | 1 reply
If the cost of establishing an entity is high in your state, I would use high amounts of insurance when needed, to cover any liability concerns.As a wholesaler that would only become a real concern in the case of double closes or situations when you take title to the property and have to wait through a brief holding period which would give you some liability exposure.Check with your secretary of state (or whatever state agency handles business entities) about using a name that you want to use later.
Austin Laney
Best Way To Create LLC In Texas For Buy & Hold
24 April 2017 | 5 replies
I saw that the Texas SOS (secretary of state) self-service site was a little complex, so I used an online service for $49 (it was Incfile, but their prices seem to have gone up, I would find someone else).
Mike Miller
Using a Business Name, Is my Legal Name Viewable to Public?
3 February 2018 | 9 replies
You would not need my legal name to report me.It's like LLC's, the actual Secretary of State's office has your real info, they can pull it any time.
Andrew Grieb
Buying an Owning Entity Instead of Buying the "Properties"
21 November 2016 | 4 replies
@Andrew Grieb Not sure how it works in NY but in California, you can check the Secretary of State website to look up the status of business entities.
Michael Colella
Transfer property to LLC (no mortgage)
26 January 2012 | 6 replies
In most states, you can be invisible to someone searching the secretary of state site for ownership.
Christopher V.
Bum from Salem, Oregon
25 January 2015 | 8 replies
You'll find some very experienced investor's and they're willing to share their knowledge with new investor's.As for the LLC, you can either set it up yourself on the Oregon Secretary of State's website (not recommended), or you can work with an attorney (one who specializes in real estate would be best) to set it up for you (recommended), which should run you around $600 initially (depending on the complexity) and $100 a year to renew.Good luck.
Rory McGonigle
Tax Implications for Out of State Investors
31 July 2016 | 14 replies
You also need to look at business registration fees with the State's Secretary of State office as well as local business licenses (states like Alabama assess various fees for their business licenses...and there's a business license for everything it seems like).You can take credit for INCOME TAX paid to another state on your personal return (unless you live in a state that doesn't have an income tax like Florida) but business license fees and gross receipts taxes are generally straight overhead....subject to passive loss limitations (again, depending on how your business is structured) if your in a State like Colorado that mirrors IRS taxable income (unless you qualify for active participation status by the IRS)The best answer is to hire a CPA so they can evaluate your individual situation and plan.
Mindy Jensen
BREAKING: HUD to suspend all Evictions & Foreclosures thru April
27 June 2020 | 46 replies
Secretary Ben Carson said the decision will "provide homeowners with some peace of mind during these trying times."