@Traci P.You will have to be easy on Uncle Bill, he has forgotton more about RE regulations and RE finance than most mere mortals.This should help you...BASIC VALUATION DEFINITIONSValue DesignationsThere are many different designations or definitions of value.

It was merely a footnote.

Obviously if a foreign LLC is registered in California, it's on the hook for the $800.But if a foreign LLC isn't registered in California, the issue is whether or not the LLC is doing business in California.And the mere fact that a California resident is a member of the LLC does not necessarily mean that the LLC is doing business in California.If you, for example, while residing in California, perform in any capacity on behalf of the LLC, the FTB says that this LLC is deemed to be doing business in California and would subject to the $800 and tax filing.However, if you are truly a mere passive investor with, say, a partner who lives in Georgia (for example) and manages the Georgia properties owned by the Georgia LLC, the Georgia LLC is not considered to be doing business in California and is not subject to the $800 and tax filing.There are a handful of states where residency of a member/partner will trigger a filing requirement for an LLC or limited partnership, but California isn't one of them."

By the way I am not saying anyone should be devoting their lives to such things, but merely that this is the case.If I am wrong that is news to me and apparently to the Wisconsin Supreme court as well.

I have spoken with too many people who are merely reading blurbs and assuming a lot.

In determining whether the company is the alter ego of the individual, Ohio courts consider the following factors:(1) grossly inadequate capitalization, (2) failure to observe corporate formalities, (3) insolvency of the debtor corporation at the time the debt is incurred, (4) shareholders holding themselves out as personally liable for certain corporate obligations, (5) diversion of funds or other property of the company property for personal use, (6) absence of corporate records, and (7) the fact that the corporation was a mere facade for the operations of the dominant shareholder(s).The Ohio Supreme Court has recently revisited the Belvedere test in Dombroski v.

In order for most mortgage lenders to accept the title insurance it must be in buyer’s name because the title insurance follows the policyholder and not the property.

The Fed has some of the best in house resources to monitor the housing market and many more resources that offer consultation and other input to the Fed from academia and the business sector.The President of the NY Fed also serves as a continuous sitting member of the FOMC.The Fed set interest rates and more than one observer felt that the Fed kept rates too low for too long and contributed to the real estate market overheating.Real estate investor merely responded to the opportunities that they found in their local markets.* * *And Jon Corley, his name and title are President Bush.

Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

Would they ask questions as to why I'm switching the name of the policy holder, or is it just that easy?