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Updated about 6 years ago on . Most recent reply

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47
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Vince Scolari
  • Investor
  • San Jose, CA
16
Votes |
47
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Buyer wants to purchase my LLC

Vince Scolari
  • Investor
  • San Jose, CA
Posted

I have my property in contract in Columbus Ohio and the buyers wants to also buy my LLC. I know this isn't entirely out of the ordinary but just wanted to see if there is anything in particular I should look out for or put into the contract? Thanks in advance.

  • Vince Scolari
  • Most Popular Reply

    User Stats

    303
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    Steve Hall
    • Rental Property Investor
    • Texas
    364
    Votes |
    303
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    Steve Hall
    • Rental Property Investor
    • Texas
    Replied

    @Vince Scolari

    Buyer is crazy... sell it to him. 

    Since people are going to ask why I say the buyer is crazy: Because he's buying the LLC's liabilities... all the way back to the day the LLC was formed.

    So why would a buyer do this? My best guess is that he's probably trying to avoid/reduce taxes.

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