What happens when an LLC distributes real estate?

I agree with John and Marshall that there is no change in value here. Your cost basis in the property you contributed to your single member LLC is...

I bought a home in 2012 hired a home inspector ,all is good,oil tank rotted out oil spill all over yard on to neighbors property

If the home inspector was negligent in the inspection you may consider pursuing damages against the inspection company. Have a local attorney...

Can I consolidate multiple independent contracts into one to bring a claim into the statute of frauds?

The more related you can show the claims are, the better the chance you have of consolidating the claims. An attorney would need much more...

Are purchasers of a house jointly subject to gift tax?

Equal contributors to the purchase of property bear no gift tax consequences; however, anyone giving a gift to another person may be exposed to...

How or where can I get an oil and gas lease FORM best for landowner Lessor?

Good luck. Most standard lease forms are biased in favor of the parties obtaining the lease. I never advise the public to sign any mineral lease...

Where can I find free or reasonable lawyer assistance (oil and gas mineral lease) for seniors with low fixed income?

You can contact your local bar association for pro bono or reduced fee services provided by local attorneys. I often review leases in situations...

Is it illegal for a company, such as DirecTv or Viasat internet, to charge an early termination fee if they can no longer..

It all depends upon the fine print in the contract. I am not aware of any regulation prohibiting such charges. I do agree that a voluntary move...

Should the notary attest to the authority of the signer?

This type of acknowledgement is not required of a Florida notary. The notary must verify the identity of the parties to the transaction by...

Can I be guilty of intoxication in my home?

The Constitution insures that individuals have greater freedoms within the privacy of their homes than they are entitled to outside the home. ...

Mediation is just part of their company name (which is obviously deceiving). They appear to be debt collector,s not mediators. It is not unusual...