25 January 2024 | 87 replies
They have now filed for Chapter 11 . in Nevada, after creating a new similar subsidiary who sells and manages short term rentals.THEY MUST BE STOPPED AND HELD ACCOUNTABLE!
13 May 2024 | 7 replies
Hi,I have formed a holding/parent LLC company and a subsidiary/operating LLC company which is 100% owned by the holding/parent LLC.
19 September 2023 | 241 replies
All of the academic studies talk about graphene's potential but there are no other mentions of real-world applications.Freevolt is the U.S. subsidiary of a Polish company, formerly PV Graf and now Euro Com Project, that claims to make the panels.
9 July 2023 | 36 replies
Our firm offers not only assistance in buying but property management through our subsidiary.
3 September 2018 | 85 replies
I just went through something kind of like this in KIng County, in Washington State, and I used a firm called LT Services in Seattle, which is a subsidiary of a law firm.
6 March 2023 | 5 replies
We established subsidiary LLCs in each state we operate in owned by our primary LLC.Our partnership agreement governs the way our primary LLC operates and since the subsidiary LLC are under the primary LLC, our partnership agreement also includes them.There are a lot of attorneys here on BP who will no doubt be able to put together a partnership agreement for you quickly.Good luck!
26 November 2020 | 132 replies
Many investors neglect to follow corporate formalities and their LLC is deemed to offer no protection.A more sophisticated setup is a holding company in a state like Wyoming, which controls all the subsidiary LLC's.
7 March 2014 | 14 replies
I am looking to have an LLC with the subsidiaries and that's what drives my question about interviewing a CPA who has that depth of experience and versatility.
5 October 2020 | 7 replies
I'm not sure if the Coca-Cola analogy is relevant, because the CEO of Coca-Cola probably does not communicate on behalf of subsidiaries.
1 September 2022 | 7 replies
>Tenant Procurement/Placement – could be percent of monthly rent or a flat feePictures, 3D Tours, etcAdvertising prep and determining market rentProperty advertisingAnswering inquiries (phone/text/emails/etc)Scheduling showingsShowingsApplication processingLease signings and MoveInsFollowing up on all of the above, hopefully consistently updating owners>Maintenance ChargesCommon: owner agrees in contract that PMC can perform work without owner approval up to a certain threshold (Example $500) or in an emergency.Questionable: owner doesn’t find out about charges below threshold until they get their monthly statement.Hourly – PMC bills at hourly rate depending on type of ServiceTech sentEXAMPLE: Owner billed at $65/hour for handyman workMarkup is hidden in that rate as highly unlikely PMC is paying their handyman the whole $65/hour.PMC or a subsidiary billing – PMC submits bill from their companyEXAMPLE: Owner receives a bill for licensed HVAC work on PMC form.Owner does not get the licensed mechanical contractor bill, so has no idea of PMC hidden markupTransparent – original bills from all contractors sent to owner, PMC charges a pre-approved markup for their time to handle.EXAMPLE: Owner receives a bill for licensed HVAC work on contractor’s form.Only challenge is some PMC’s get illegal kickbacks from contractors owners don’t seeThere are then many different IF -> THEN fees to cover evictions, emergencies, filing insurance claims, etc.WARNING: never assume you won’t be charged for something unless it states so in the management contract!