Property Deed Payment Details

Summary

Its crucial to mention the consideration (the amount paid) in the deed. However, the payment method (cash, check, etc.) doesnt usually get noted. In Texas, if a property transaction is deemed fraudulent, the sale can potentially be voided and the property returned to the estate. If the buyer paid $100,000 and the deed correctly reflects this amount, there should be no legal issues. However, if the executors actions were inappropriate, there could still be potential consequences for them. Consult a Texas estate attorney for more advice.

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In texas, under what scenarios circumstances would an executor transfer *,* property for $*.* to a non relative or non heir after 24 years ? The will did not direct the transfer as a gift, etc. The estate owes no debt.
There are a few scenarios where such a transfer could occur:
- The executor is fulfilling a verbal promise made by the deceased.
- The executor is engaging in fraud or self-dealing.
- There is a mistake or misunderstanding in the interpretation of the will.
Please consult a local attorney for advice tailored to your situation.
The will has no mistakes and the deceased made no verbal promise that would take 24 years to fulfill.
Without any debts, gifts, or misunderstandings, it's unusual for an executor to sell property at a significantly reduced price. You might want to consult a Texas probate attorney if you suspect fraud or self-dealing.
If the transaction is fraudulent, will the property be taken from the buyer?
In Texas, if a property transaction is deemed fraudulent, the sale can potentially be voided and the property returned to the estate. This would involve a legal process and possibly a court decision. It's advisable to consult with a local attorney.
What if the buyer DID pay *,*? What happens.
If the buyer indeed paid $*,* but the deed states $*, it may cause legal complications. This could possibly be viewed as fraudulent. It's recommended to consult a Texas real estate attorney for specialized advice.
No, i meant what if the buyer paid *,* and the deed reflects *,*.
If the buyer paid $*,* and the deed correctly reflects this amount, there should be no legal issues. However, if the executor's actions were inappropriate, there could still be potential consequences for them. Consult a Texas estate attorney for more advice.
Will the buyer lose their investment?
If a court determines the property sale was fraudulent, the buyer might lose their investment. However, the buyer could potentially sue the executor for damages. Legal outcomes can vary, it's advised to consult a local Texas real estate attorney.
may i list * representitives on the LLC
Yes, you can list more than one representative for an LLC. Please ensure to check the specific rules in your state for LLC formation and representation. Could you tell me where you're located?
delaware
In Delaware, you can list multiple members in an LLC. Here are the steps:
*. File a Certificate of Formation.
*. Create an Operating Agreement.
*. Apply for an EIN from the IRS.
For more details, consult with a local attorney or business advisor.
If you don't have a resident agent does that mean your company is not legal?
In Delaware, a registered agent is mandatory for your LLC. Without one, your company will not be in good standing and could face penalties. Your registered agent must be a Delaware resident or a corporation authorized to transact business in Delaware.
Why cant my llc act as a corporation authorized to transact busines in de
In Delaware, an LLC cannot act as its own registered agent. Registered agents must be a resident or a corporation authorized to transact business in Delaware. This rule is designed to ensure there's a reliable contact for legal correspondence.
RE: Rocket lawyer. You can be your own registered agent in Delaware as long as you are over the age of *. However, you have to have a street address in Delaware. For most people, then, that means you have to actually live in Delaware.
That's correct. Your LLC can have a registered agent who is a Delaware resident with a physical street address in Delaware. This person can be a member of the LLC as long as they meet these conditions.
Is the regigtered agen listed on the LLC. I don't see a space
Are you asking if the registered agent's name should be listed in the LLC's formation documents? Answer: Yes, in Delaware, the name and address of the registered agent must be included in the Certificate of Formation of the LLC.
yes
In Delaware, the registered agent's name and contact details are listed in the Certificate of Formation that you file with the Delaware Division of Corporations. Is there anything else you need help with?
Can the RA be the representitive to?
Yes, in Delaware, the Registered Agent (RA) can also be a representative or member of the LLC, provided they meet the necessary requirements, such as being over * and having a physical address in Delaware.
The the RA need to be an LLC member?
No, the Registered Agent (RA) does not need to be an LLC member in Delaware. They can be an individual resident or an authorized corporation in Delaware. However, if an LLC member meets the requirements, they can serve as the RA.
Where do the representitives sign on the LLC document? There are only spaces for members
In Delaware LLC formation documents, representatives (who are also members) sign in the provided space for members. If additional space is needed, you can attach an extra page with signatures. It's advised to consult with a local attorney for specific requirements.
What if they are not members?
In Delaware, if representatives are not members of the LLC, they typically do not sign the formation documents. Only the members or managers, and the organizer who files the Certificate of Formation, usually sign. Consult with a local attorney for specific needs.
How can they prove they are authorized to sign?
Are you asking how non-member representatives can prove their authorization to sign on behalf of the LLC?
Answer: If non-member representatives are authorized to sign for the LLC, this should be stated in the company's operating agreement or in a separate authorization resolution. This document would provide proof of their authorization.
yes
In Delaware, the LLC's Operating Agreement or a specific resolution passed by the members can provide the necessary authorization for non-member representatives to sign on behalf of the LLC. This document can serve as proof of their authority. Do you need further clarification?
Where d o i put it. Is it a seperate document?
Yes, the authorization for non-member representatives to sign can be in a separate document, such as a resolution passed by the members. This document should be maintained with the company's records. It's advisable to consult with a local attorney for specific requirements.
Should it be files with the LLC being organized with the state?
In Delaware, the authorization for non-member representatives to sign on behalf of the LLC does not typically need to be filed with the state. It should be kept with your company's internal records. For specific guidance, consult a local attorney.
What do i need to open a business bank account?
To open a business bank account in California, you generally need the following:
- Your business's EIN or Tax ID number
- Your business's legal name
- Business formation documents (like Articles of Incorporation for corporations or Articles of Organization for LLCs)
- Ownership agreements (if applicable)
- A business license with the name of your business and the owners' names.
Each bank might have specific requirements. It's recommended to check with the bank where you plan to open the account.
Are articles of incorperation public?
Yes, in California, Articles of Incorporation are public records. They are filed with the California Secretary of State's office and can be accessed by the public.
delaware
In Delaware, Articles of Incorporation are also public records. They are filed with the Delaware Division of Corporations and can be accessed by the public.
how do i get them? in texas
In Texas, you can obtain a copy of the Articles of Incorporation by making a request with the Texas Secretary of State's office. You can do so online, by mail, or in person. You may have to pay a small fee for this service.

Texas Secretary of State


Phone: (*) *-*
Address: * Brazos St, Austin, TX *
Website: www.sos.state.tx.us
How common is it for someone to take another businesses id and open a bank account and hijack the busineeses prifile get credit, etc.
While it is illegal and punishable by law, instances of business identity theft do occur. It involves stealing a business's information to create fake identities or fraudulent transactions. Protecting your business information is crucial. If you suspect identity theft, report it to the local authorities.
How can they create fake identies? Is there protection for businesses?
Creating fake identities involves illegal activities like stealing or falsifying business information. Protection for businesses includes:
- Regularly monitoring financial transactions
- Protecting sensitive information
- Using secure networks and systems
- Regularly updating business records.
If you suspect identity theft, report it to law enforcement and the Federal Trade Commission.
But the infor is public?
While business formation documents are public, they don't contain sensitive information like Tax ID or EIN. Misuse of public information for fraudulent activities is illegal. Always monitor your business credit reports and bank accounts regularly for any suspicious activity.
Which states have free searches for business formations?
In the United States, many states offer free online searches for business entities. Here are a few examples:
*. California: California Secretary of State’s Business Search
*. Delaware: Delaware Division of Corporations Entity Search
*. Texas: Texas Comptroller’s Taxable Entity Search
Please note that the availability and type of information may vary by state.
How much is an llc i delaware when you doit yoursef?
The cost for forming an LLC in Delaware yourself includes:
- $* filing fee for the Certificate of Formation.
- $* annual franchise tax.
Please note, other potential costs might include a registered agent fee, if you hire one. Also, prices are subject to change, so it's good to check the Delaware Division of Corporations' website for the most current fees.
*.* I''m not a franchise
In Delaware, all LLCs are required to pay an annual franchise tax of $*, regardless of their activity or income. This is not related to being a franchise business. Is there anything else you'd like to know about Delaware LLCs?
Does Wyoming have similar fees?
Yes, Wyoming has similar fees for LLCs:
- $* filing fee for Articles of Organization.
- $* annual report fee.
Please note that fees are subject to change. For the most accurate information, check the Wyoming Secretary of State's website.
best service to get a delaware llc best
There are several online services to assist with forming a Delaware LLC. Some of the top ones are:
*. LegalZoom
*. ZenBusiness
*. IncFile
*. Rocket Lawyer
*. Northwest Registered Agent
Please research each one to see which best fits your needs.
cheaapest
The cost for forming an LLC can vary among online services. Some of the more affordable options include:
- ZenBusiness: Starts at $*, plus state fees.
- IncFile: Starts at $*, plus state fees.
Please check the websites for the most current pricing.
What is the difference between a trust selling property or an llc? Do buyers have a preference?
In California:
- A Trust selling property: The Trustee acts on behalf of the trust, sales are private, and the trust agreement guides the process.
- An LLC selling property: The company sells the property, the process is guided by the company's operating agreement, and sales are public record.
Buyer preferences vary based on factors like privacy and liability.
From the point of view of the "instant land buyer" or title search company, Do they view a trust less worthy than an llc
From a legal perspective, both a trust and an LLC can provide a clear title to a property. However, the preference between a trust and an LLC might depend on the individual buyer or title search company's specific needs or experiences. It's always best to consult with a real estate attorney for specific advice.
When you sell with a trust do you need to provide the buyer with the trust documents ot just the deed?
In California, when a trust sells a property, the buyer typically only needs a copy of the deed. However, they may also request to see the Trust Certification, which verifies the trustee's authority to sell the property. It's advised to consult a local real estate attorney for specific requirements.
What is a trust certification?
A Trust Certification, also known as a Certification of Trust, is a document that verifies the existence of a trust and the trustee's authority to act on its behalf. It provides necessary information without disclosing details of the trust's assets or terms. It's a legal requirement in California.