When buying as a Limited Liability Company (LLC) in real estate, you need to have the right documents in place. This includes the LLC’s operating agreement, certificate of good standing, and a resolution if there have been changes to the signors. Also, it’s needed for the LLC to have a dedicated bank account, as proceeds cannot be disbursed to an individual. To streamline the escrow process and avoid potential complications, you have to ensure these documents and accounts are in order. For further assistance with LLC transactions in real estate, reach out to your trusted escrow officer.
Source: Chartwell Escrow
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
