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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 | 5 replies
The outcome probably depends on the wording of your lease and any related paperwork.Example: Thank you tenant for your $X payment for your first and last months of the lease.If the lease is otherwise silent regarding the last month, the tenant bought a month of tenancy regardless of future pricing.
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25 June 2024 | 3 replies
No question, rental real estate is the best investment provided you assess the risks and make it work for you.
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24 June 2024 | 9 replies
@Russell Taylor I guess it depends on your current tax bracket with your incomes.
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26 June 2024 | 18 replies
Suppose you are personally sued; during the discovery process, you must provide information on all of your income and assets (including your LLCs in any state (with or without anonymity).
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25 June 2024 | 17 replies
Whether the lender allows it will depend on the ratio required.
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26 June 2024 | 5 replies
Depending on if you use a DACR loan or other alternative financing the LLC might be required.
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25 June 2024 | 1 reply
It's about the right location and providing a unique experience while navigating the regulations.
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25 June 2024 | 15 replies
It would depend on laws in your municipality, but if you are going to allow pets in your unit, here are a few thoughts: are you going to have a size/weight restriction, and possibly a restriction on breed type?
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26 June 2024 | 32 replies
Depends on if you've bought a house that makes an appropriate rental.