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jackson
Guest
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 Posted: Mon Aug 11, 2008 7:40 am Post subject: Business property question |
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My husband and his brother purchased a business after my husband & I were married, of which my husband owns 25%. I opened the business with them and worked it for 3 years. Although my name is not on the title, is a portion of it legally mine in a divorce? It is an LLC in Nevada.
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 sweeney
Community Experts
Joined: 20 Jul 2008
Posts: 131
25.11 Dollars($)
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| Posted: Mon Aug 11, 2008 6:40 pm Post subject: |
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Hello-
I think you should talk to an attorney about that.
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Mike Sweeney
LionSaves.com - refinance debt
views expressed on this forum are my opinion as a mortgage professional, not legal advice |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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| Posted: Tue Aug 12, 2008 2:39 am Post subject: |
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Welcome jackson.
As you are not on the title you may not get the ownership but there may be other factors to be considered. So talk to an attorney as Mike advised above.
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Good is the Enemy of Great. |
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Todd M. from Ohio
Guest
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| Posted: Tue Nov 25, 2008 3:27 pm Post subject: Tranfering Investment Property to my Business |
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| I'm purchasing an investment property and later on wish to transfer title to my Business. Can I quit claim the title or is there a better solution? |
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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| Posted: Wed Nov 26, 2008 1:27 am Post subject: |
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Hi Todd M. from Ohio,
Yes, you can transfer your investment property to your business. But if the investment property has any kind of mortgage, then you should inform the lender before quitclaiming it.
Thanks |
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