I'm in the midst of hiring a collection agency to go after my money at a 50/50 split as I don't have the time or capability to find out where he is, what assets he has, or how to legally lay claim to what I find.

I did hear it from a vp in asset sales last year though...dam banks!

While they're signing paperwork, make sure that they sign your "Authorization To Release Information Form".

I want to isolate my family and it's assets from my business.As you can imagine I have lots of questions so I will throw out some to get a conversation going.

What he's wanting to do is at best misguided, he is misunderstanding the laws, or hopes no one will question his authority to do that.You need to know that in most states, hoa boards are almost totally unregulated, so if you don't stop him, he actually could get away with this scheme.

So, now you've got an asset that is depreciating AND a negative cash flow.

The seller can call the bank and give you authorization to negotiate your offer once it is submitted without giving you authorization to look at all their financial info that they have to submit in a short sale package.

It sounds more like a very nice gesture from the listing agent to try to help you out.Reply: The offer is from the asset holder.

There are many Private Banks that would love to have High Net Worth Foreign investors as clients, and we match up your FN clients with the right relationship, and protect your commissions in the process.Clients MUST be high net worth, and be able to provide full disclosure (their country's equivalent to US Tax Returns, as well as asset information).

The LLC should be used for rental property and if the property is held for the primary purpose of renting, then it would be rental activity income and subject to depreciation rules and capital gain upon sale whether it is short or long term.First we need to know who the owners of each entity are and I will guess that you are the owner of both entities.With that being said, the S-corp will make a property distribution to you and then you will make a contribution of the property to the LLC.The entry will be a credit for the asset, debit for the mortgage associated with the asset and a debit to the capital account to show the distribution.