LLC bank account
Submitted by: Bob, , Age: 42
We have the opportunity to buy real property from a seller who has it titled in his Living Trust, but who is willing to create and retitle it in a NM LLC. We would then acquire his LLC and be the invisible owners. He also has a Trust bank account to pay property-related bills like taxes and utilities which he is willing to rename in the LLC and use his information already on file with the bank; this bank account would also become ours on purchase of the LLC interest.
This seems similar to taking over someone else's PO Box for privacy, any thoughts on getting both the real property and the bank account in the name of an LLC he creates and transfers to us??
JJ Luna Responds:
This is a bit complicated so run it by a sharp attorney.comments powered by Disqus