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Shelley Stile

Nov 25, 2003, 3:53 PM

Post #1 of 3 (6004 views)

Corporations vs Trusts for Buying

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Has anyone had experience in buying in the restricted zone under a corporation?

Madam ZZ

Dec 8, 2003, 1:31 AM

Post #2 of 3 (5973 views)

Re: [Shelley Stile] Corporations vs Trusts for Buying

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I am forming a corporation and am buying as an individual. I am leasing half the property, which is as Rollie woud call it, a compound, to the corporation. If the corporation holds title, and it could outright, then what happens if there is no corporation any more - say if you got into tax or political trouble. I have a lawyer and he said this was a good plan, but he didn't come up with it.

Dec 8, 2003, 6:14 AM

Post #3 of 3 (5966 views)

Re: [Shelley Stile] Corporations vs Trusts for Buying

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You should do a search of this site for further info. I remember Jennifer posting something about this practice being illegal.

(This post was edited by Moisheh on Dec 8, 2003, 6:15 AM)