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23 December 2019 | 51 replies
I set uptwo corporations in Oregon, years ago.
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16 March 2012 | 14 replies
Update:The insurance company is being a pain in the butt.They are saying title has to be fully in the owners name as it was before.We can't get anew policy because of the extra expense and claims history from previous years.The solutions I had come up with before was adding the owner to the corp with a non-controlling interest or titling the property into my name at 95% and the sellers name at 5% with a quit claim deed.A business litigation attorney said on the next one I do I could have an agreement where they seller gives a addendum where I am assigned any rights on the insurance payout.So the owner of the insurance company messed up and I am thinking of suing him for damages.I have completed many repairs to the property and it is just getting turned around.The idea I came up with to solve this and I am waiting on the sellers response I did the wrap with is to quit claim the property back to her but before signing over she has to sign a legal agreement.The legal agreement would state for instance that she has from say January 6th to January 10th to go ahead and renew insurance for the next year and provide proof of the same.By that end date she has to quit claim the property back into my corporation name or agrees to pay legal damages of say for example 300,000.Their credit is pristine so I know they would not want to default under such an arrangement.What do you think of this idea??
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11 December 2011 | 5 replies
To reduce or avoid personal liability, its probably best to create a corporate structure (i.e.
27 December 2011 | 10 replies
Freddie Mac contact info:HQ 1 - PHO I8200 Jones Branch DriveMcLean, VA 22102-3110(703) 903-2000Toll free: 1-800-424-5401 http://www.freddiemac.com/corporate/about/contactus.htmGive them a call.
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29 December 2011 | 4 replies
I've done it (years ago) and the attorney had $0 in transfer tax since it was a zero sum transfer (show corporate resolution for capital contribution at basis) that showed no benefit to contributing member.
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30 December 2011 | 9 replies
On my state's div. of corporations website, it seems like the majority of businesses use the comma.
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4 January 2012 | 10 replies
I'm remodeling the units and turning them into corporate rentals.
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4 October 2012 | 11 replies
By all means it is no 24 hour party though, at times it requires work that you would never do in a corporate setting.
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12 March 2013 | 25 replies
LLC will not work with their program.My thoughts were to "sub" corporations out of the "C" corp.
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13 January 2012 | 3 replies
Hi, Can someone recommend an insurance company that deals with Fidelity Bond (Erisa Bond) We were told that we need one for our 401K Corporate account which our 401K has 51% share & we own 49%?