Real Estate Law
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Roger are you available to chat?
I want to know if a certain structure of an investment is legal.I have an interest in LLC1 by purchasing 1 share for $50,000 on 9/14/06.
The investment was set up by a realtor LLC1 and LLC2 were formed to purchase an interest in NLG LLC for the purpose of acquiring land near in Idaho.I do not own any shares of LLC2.The reason for 2 LLCs was for each to stay under some limit of a maximum amount of investment.CL1 and CL2 are Arizona Limited Liability Companies, NLG is an “Idaho Limited Company” per the Operating Agreement of the NLG.
My Questions:Is the structure of the investment proper?Can a realtor sell shares in an LLC that buys interest in another LLC?If not, what license was needed to set up such an investment?If not, how and with whom should I file a complaint?
What state are you in?
Just so I'm sure she sold an interest on one LLC but that LLC only bought interest in another LLC.
Just so I'm sure that you understand she sold an interest on one LLC but that LLC only bought interest in another LLC.
Some people believe that was a security and she in not licenced to sell a security.
This occured in California but I I have shared inother posts the LLC I invested in is an Arizona LLC
OK thanks. What state are you in?
Hey The chat window is very small??
How do I make it bigger??
The site has many operational issues!
I am a member of the LLC but not a manager. KK is the manager. So the structure was fine?
2 sites? What were they?
And what state are you in?
Ok You have been big help but shouldn't I be using someone licensed to practice in California and Arizona?
My issue involves real estate law as well. Doesn't that vary a lot from state to state?
Thanks I will try that.
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