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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Yes, without any further embelishment... Posted by Gary on February 20, 2010 at 8:11 AM In Reply to: Yes, without any further embelishment... posted by Ward-CA- on February 20, 2010 at 6:46 AM : Gary, : The vesting of a general partnership can be as simple as follows: : "Sonora Partnership, a California General Partnership" : If you wanted the vesting language to be more fully defined then you could choose to disclose more, like: : "Sonora Partnership, a California General Partnership, consisting of the Sonora Trust, with : Equity Ventures, LLC as Trustee and InnoVest Resource Mgmt., a Sole Proprietorship". : : ------------Ward : Thanks Ward. Is it a good idea to buy the property with a GP from the start or buy it with a THT and have the GP be the Grantor. The other option would be to buy it with THT and designate the THT as one of the partners in the GP? : ====================== : : Can a GP hold title by its own name or do the actual partners' names need to on the title? (California) Thanks Follow Ups: Buy as a GP from the start...(nt) Ward-CA- 0:04 AM, 02/28/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Gary, : : The vesting of a general partnership can be as simple as follows: : : "Sonora Partnership, a California General Partnership" : : If you wanted the vesting language to be more fully defined then you could choose to disclose more, like: : : "Sonora Partnership, a California General Partnership, consisting of the Sonora Trust, with : : Equity Ventures, LLC as Trustee and InnoVest Resource Mgmt., a Sole Proprietorship". : : : : ------------Ward : : : Thanks Ward. Is it a good idea to buy the property with a GP from the start or buy it with a THT and have the GP be the Grantor. The other option would be to buy it with THT and designate the THT as one of the partners in the GP? : : ====================== : : : : Can a GP hold title by its own name or do the actual partners' names need to on the title? (California) Thanks [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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