All Forum Posts by: Kevin Gregg

@Douglas Christensen

I have only found one property in his name and around 4 in his wife's name. We shall see what unfolds.

@Dennis M. Your side note has been noted.

We formed our LLC in 2007. We received a couple small checks for a couple hundred dollars each before we decided to pay down our loans instead. I think it may be possible that we did buy properties in the beginning and maybe they failed and the person is just leading us on like everything is good. We all live at least an hour from where these properties are supposed to be and the person running it has another business that takes him out of state for a portion of the year so it is hard to track him down.

 We agreed to put all the money into paying down the loans and collecting a check when they were paid off. So we haven't received a check to pay taxes on. It was basically going to be a pension for each of us based on how many shares we owned since we didn't want to collect small checks right away and pay taxes on them. 

I looked on the website and called the clerk and there are no properties. I also went on the states business site and saw that our LLC was disbanded administratively in 2011.

@Matt Michaelson Thank you

@Jill F. The guy running it handles everything. We are basically silent partners except that every year we get together and vote on different things. I have asked to see tax returns before amd have not gotten them yet.

@Matt Michaelson yes there are six of us total. We all signed contracts with a lawyer and have receipts for the payment. We are all in agreement that we need to do something we just don't know what yet.

@Matt Michaelson Not a bad idea, my shares according to him are now worth 66k so that would be interesting to see what he says.

@Merritt S. Thanks for the input. I don't know his wife owns several houses according to tax records so maybe that is the answer.