Could an unmarried couple form an LLC & just split the stock if they ever parted?
Answers (2)
In Md, investors would buy property in an LLC and then sell the LLC to avoid paying the Transfer and Recordation Taxes. This is no longer a tax avoiding strategy but it was for years.
The LLC doesn't have to have "stock"-- they can just be bought out, right?
FIRST ANSWER
Contact an attorney to get the answer. I believe the answer is yes. Consult legal counsel.
Didn’t find what you were looking for? Ask a question!
More Q&A about Home Buying in Houston
View all »
Answered yesterday, 10:27 by Erik Konar in Houston
Answered Fri Dec 18 2009, 06:31 by Naima Sumner in Briarforest
Answered Mon Dec 14 2009, 19:32 by Sarah in Houston
Answered Sat Dec 12 2009, 22:05 by Erik Konar in Houston
Answered Mon Dec 7 2009, 21:51 by Lynn911.com Dallas… in Houston
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
View all »
1 - 3 of 1,415
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback