Partners may have options to buy interests in an LLC.Your Operating Agreement governs the members, this is not a public document and can be amended any time.Members can also exit at will, another may join, depends on the project.A Member can also be another LLC, so LLC A could have 3 members and join as one member of LLC B then having 3 members.See a good business attorney!

If you want the place have an amendment with the date or more than likely just sign.

Landlords who have tenant death penalty provisions in their lease should remove or amend the provisions as to not conflict with the new law.

With this information in hand, your CPA can help you make informed decisions about filing amended tax returns for prior years, selling the property in a taxable event, or using a 1031 tax deferred exchange.

However, the State of FL has amended their RE regs noting that using contracts, as a manner of circumventing licensing law, is NOT legal. 475.43 Presumptions.

@Matt Koury To the title company where the underlying contract was receipted, as the assignment is basically just an amendment to the contract.Do you have one you are assigning now or is this hypothetical?

You can also amend the operating agreement so that you, or him, is the soul managing member that makes all operating decisions on behalf of both partners, this way you resolve you two having to always agree on a single action.

For a short term I would screen the tenants just like I would for long term.And generate a lease that is just like a long term lease but with amended time frame.As for utilities I would recommend keeping in your name and covering them-have a cap on that; in the event they run the AC the whole time you're not exposed but you would cover normal usage utilities....look at your usage from previous year a base it on that?

He's response was "ooh don't worry, we would have to amend the final plans anyway"... 🤷🏽♂️ Seriously??

It includes the sales contract, a contract amendment (since the seller is letting the property go for less than what the wholesaler and he originally agreed) and contract assignment.One question I had was that I have a title company that I typically use for my transactions; can I use them instead of the title company that the wholesaler has listed in the documentation?