Unlocking Your Business Potential
What is a statutory agent in real estate? Statutory agent is an agent designated by law to receive litigation documents and other legal notices for a nonresident corporation. Read more on definitions.uslegal.com An organization may appoint a third party, known as a statutory agent or registered agent, to accept legal and official documents on its … Read more
How do you prove beneficial interest in property? You would need to show that you have acted to your detriment as you believed that you owned a share in the property. This can be most obvious in the form of financial contributions, such as paying the mortgage or improvements to the property but also may … Read more
How long is a condo resale certificate good for in Washington State? It doesn’t pay to order a resale certificate from the HOA any earlier, though, since some of the financial information must be no more than 45 days old as of the date the resale certificate is given to the buyer. Read more on … Read more
Can an LLC purchase a home? An LLC is a business entity with its own assets and income. As such, it can purchase real estate, including a house or business premises, for any reason outlined in its articles of organization. Read more on www.upcounsel.com You might have asked if your limited liability corporation (LLC) can … Read more
Is owning real estate doing business in Texas? More intentional or longer-term activities, such as developing property in Texas, authorizing a franchisee, and maintaining a general purpose office and employees in Texas will constitute “”transacting business”” and subject the entity to registration. Read more on www.settlepou.com Real estate is a significant asset that presents a … Read more
Can I lose my house if my business fails? As a sole proprietor, your house, car, and other personal possessions could be seized to pay for the debts your company has incurred. On the other hand, if your business is a corporation or a limited liability company (LLC), you can escape personal losses if your … Read more
Can real estate commissions be paid to an LLC in California? Fees and commissions earned from a real estate transaction may only be paid to a licensed salesperson or broker. As such, any payments to an unlicensed LLC (or other unlicensed entity) are impermissible. Read more on www.gbreb.com The compensation given to real estate brokers … Read more
Who regulates title companies in Florida? The Department of Financial Services The Department of Financial Services (DFS) regulates a real estate transaction only if title insurance was purchased as part of the real estate closing or if the title agency established an escrow fund in connection with a closing. Read more on www.myfloridacfo.com It’s crucial … Read more
The federal government passed the Real Estate Settlement Procedures Act (RESPA) in 1974 to safeguard homebuyers from unfair tactics used by mortgage lenders and other parties engaged in the transaction. Although there have been various changes to the law, its core goal has remained the same: to make sure that homeowners have access to accurate … Read more
Who holds the title to my house? The title deeds to a property with a mortgage are usually kept by the mortgage lender. They will only be given to you once the mortgage has been paid in full. But, you can request copies of the deeds at any time. Read more on www.kaisersolicitors.co.uk You might … Read more