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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Can LLC be Trustee & Bene Posted by Camille Calenda on July 17, 2003 at 4:08 PM Hi Ward! I wanted to verify something with you...is it okay for my LLC to play all of the following roles in a buy/sell flip transaction: 1. My LLC purchases the property (I would sign as "manager" of the LLC on the purchase & sale agreement) 2. I create the title holding trust so the buyer on the Grant Deed will be my LLC as trustee (so I would sign all closing docs as trustee) 3. My LLC is the beneficiary of the trust on the "assignemt of benficial interest" 4. My LLC as trustee is the Seller of the home (since that's how I vested when I bought) Thank you, Camille Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward! : I wanted to verify something with you...is it okay for my LLC to play all of the following roles in a buy/sell flip transaction: : 1. My LLC purchases the property (I would sign as "manager" of the LLC on the purchase & sale agreement) : 2. I create the title holding trust so the buyer on the Grant Deed will be my LLC as trustee (so I would sign all closing docs as trustee) : 3. My LLC is the beneficiary of the trust on the "assignemt of benficial interest" : 4. My LLC as trustee is the Seller of the home (since that's how I vested when I bought) : Thank you, : Camille Optional Link URL: Link Title: Optional Image URL: [ 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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