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8 May 2015 | 1 reply
That adds a layer to the owner's limited liability keeping the PM's insurance in the loop.Basically, 3 ways to go: 1. hire employees, 2. hire a general contractor, then 3. hire specific contractors such as a cleaning company, HVAC, Electrical, etc.
9 May 2015 | 3 replies
600K tells us nothing, that could be 5 acres or 200 acres, big difference.You can't take on development or construction liabilities based on an option, unless it's your money you are spending up front, may not be a good thing.
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11 May 2015 | 10 replies
All commercial properties will be in LLCs, and have separate liability policies.
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13 May 2015 | 13 replies
The next page is a balance sheet - assets vs liabilities.
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10 May 2015 | 1 reply
Corporations are required to know their tax liability.
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6 February 2021 | 2 replies
Any experience writing contracts that release me from liability due to problems the tenants claim are related to the land?
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11 May 2015 | 7 replies
The existing building (dims or other specifics) were not specifically mentioned on the Quit Claim Deed other than "tenements, hereditaments, and appurtenances thereto belonging, or in anywise appertaining, to said premises"For tax and liability reasons, we want the building to also be property of the holding company, and not just the land it sits on.How iron clad is a quitclaim deed (with the above general terms yet no specific description, to prove that neither the land or the building are in our personal names anymore?
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21 November 2015 | 6 replies
As many would tell you, an LLC does not remove all liability from your personal finances.
25 May 2015 | 7 replies
Pedzi M.I do it through liability insurance on each of my homes.
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20 May 2015 | 3 replies
Marketing the property for sale prior to owning it would be acting as an unlicensed broker. 4735.01 Real estate broker definitions.As used in thischapter:(A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following: (1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate; (2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate; (3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate; (4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate;