BUYING IN MY NAME IS RISKY, HOW DO I STOP - Posted by Redd(CT)

Posted by timeinvestor on October 27, 2003 at 12:54:56:

Can you? yes. Should you? not sure. That depends on every detail of how you are running your ship and your primary focus for the future. Have you considered using Land Trust Agreements to avoid exposure?

BUYING IN MY NAME IS RISKY, HOW DO I STOP - Posted by Redd(CT)

Posted by Redd(CT) on October 27, 2003 at 12:25:48:

I want to meet with my attorney to discuss this.

What should I bring.

I already have an S-Corp…but should I set-up a LLC?

Can I do this myself?

Just sign contract as you intend on - Posted by JT-IN

Posted by JT-IN on October 27, 2003 at 15:13:39:

taking title… e.g. for S-Corp: Redd, Pres., of Redd, Inc. OR Redd, Member of Redd, LLC… As simple as that, then have the Deed drafted accordingly. A Corp resolution may be required by the Title Co. at closing, to verfy your authority sign on behalf of the entity.

Your S-Corp is good if it is property that you plan to flip… While the LLC is probably best if you plan on a buy and hold investment. Either strategy is better than buying in your own name… both from an asset protection and tax standpoint.

Just the way that I view things…

JT-IN