It is natural to partner up with friends and family for a business venture. These are the people with which you most often socialize and share ideas. Also, these are the people you trust. Going into business with family and/or friends is perfectly okay–as...
Receiverships are commonly initiated in courts across California. Under a receivership, the receiver undertakes custodial responsibility over another’s property, assets and rights. The extent of the receiver’s duties and powers are stated in the appointment...
If an individual chooses to form an LLC for property ownership purposes after the purchase of the property in their own name, it is possible for that individual to transfer ownership. A transfer deed can be executed, delivered and recorded whereby ownership is...
LLC’s seem to be the fad right now across the U.S. For many situations, the popularity is warranted. However, it is important for an individual to assess the true nature of their “business” before rushing into the formation of a particular business entity. ...
Many real estate investors’ properties are owned under a separately formed entity–many times, but not always, by LLC’s. Such alternative ownership structure protects one’s personal assets. For example, if a claim or lawsuit arises relating to real estate owned by a...
