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Can I co-own as tenants in common; for one my for profit…

Customer Question
Can I co-own...

Can I co-own as tenants in common; for one my for profit business, and 2. My tax free foundation? Both sides would collect rent only.

Lawyer's Assistant: What state are you in? It matters because laws vary by location.

California

Lawyer's Assistant: What steps have you taken so far?

I have a tax exempt Non profit established. Currently I own 100% of a 6-plex valued at 1.6 M as an individual. I am d

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

I'm just looking for yes or no. If yes I may use his services.

Submitted: 3 months ago.Category: Business Law
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Answered in 6 hours by:
3/26/2018
Business Lawyer: Phillips Esq., Attorney-at-Law replied 3 months ago
Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Business Law
Satisfied Customers: 22,328
Experience: B.A.; M.B.A.; J.D.
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Hello: This isCustomer Welcome to JustAnswer! I am reviewing your post, and I will post my response very shortly. Thank you for your patience.

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Business Lawyer: Phillips Esq., Attorney-at-Law replied 3 months ago

Kindly note that I just came across your post. I do not have control over the question list or the promises made to you by the site as to the response time. I am just a site user just like you. Nonetheless, I apologize for the delay in response to your post.

Kindly give me a few minutes to prepare my response.

Thank you for your patience.

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Business Lawyer: Phillips Esq., Attorney-at-Law replied 3 months ago

I am sorry, but I do not understand your question.

Kindly review, edit, and resubmit.

Thank you for your cooperation.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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