Are you interested in expanding your real estate investment by owning property in a different state through an LLC? This powerful business structure offers numerous benefits, including the potential to unlock new opportunities, safeguard your personal assets, and gain tax advantages. In this comprehensive guide, we will provide you with essential information about LLCs and address the question, "Is it possible for an LLC to purchase property in another state?" Additionally, we will explore the advantages and challenges associated with investing in out-of-state properties using an LLC. By the end of this article, you will possess a solid grasp of how to leverage an LLC to broaden your real estate portfolio across state borders.
April 12, 2024
Business relationships are susceptible to dispute just like family or social relationships. When two or more people have a partnership agreement in Wisconsin and are struggling to work together through a business dispute it can be difficult, if not impossible, to remain productive. If work disagreements eventually become an insurmountable roadblock the partners inevitably ask what they can do to get out of the situation.
August 9, 2023
In this article we explain stock transfer restrictions in closely-held corporations and LLC. We answer the question: “when are stock transfer restrictions beneficial?” We discuss how to structure stock transfer restrictions in your operating agreement or buy-sell agreement. We explain various options for restricting transfer of ownership interests including requirements that the board or other shareholders approve a transfer of stock, rights of first refusal for transfer of stock, and mandatory purchase of stock by the company or other shareholders.
August 9, 2023
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