Now You (LL)C Me, Now You Don't
When a Corp. or LLC is the seller of a property, the privacy it offers obscures the identity of the owners. Therefore, the title company needs to ascertain who the entity's actual shareholders or members are.
At Riverside, our highly skilled staff are trained to see beyond the paper and to be alert for red flags that may indicate fraud. There are instances where the operating agreement seems off or is presented by a law firm or individual that we are not familiar with. In that case, we will take a deeper dive into the identity of the LLC.
At Riverside, our highly skilled staff are trained to see beyond the paper and to be alert for red flags that may indicate fraud. There are instances where the operating agreement seems off or is presented by a law firm or individual that we are not familiar with. In that case, we will take a deeper dive into the identity of the LLC.
May 12, 2016