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2 September 2018 | 2 replies
LLCs that are thinly capitalized are more likely to be viewed as “shells,” thereby losing their capacity to shield the members from liability.or fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Do not commingle personal and LLC assets.Maintain a separate LLC bank account.Execute an operating agreement.Follow the provisions of an operating agreement.Have LLC member meetings according to the operating agreement.Title property in the name of the LLC.Maintain insurance on LLC property in the LLC's name.Sign all LLC documents in the LLC's name, not the members' names.b.
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5 September 2018 | 5 replies
There are a variety of loopholes if you decided to leave sooner than one year, but you would want to speak directly to a lender to figure out all of those.
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2 September 2018 | 4 replies
The agreement should say they have to leave the property in good condition.
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4 September 2018 | 80 replies
I would take out the Wifi and leave them a modem.
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5 September 2018 | 13 replies
My competition typically just leaving it in its original state.
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6 September 2018 | 14 replies
The decision to leave the Bay Area was not an easy one.
3 September 2018 | 4 replies
Leaving the property in disrepair just attract lower and lower quality tenants.
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22 September 2018 | 13 replies
I would leave CapEx at 10% until you can have the property inspected.
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12 September 2018 | 78 replies
The conclusion I leave to you.
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4 September 2018 | 6 replies
And they're probably rough sawn and somewhere between 20-28" OC, leaving spray foam as really the only good option, which still wouldn't be enough.