Do I need to disclose short-term rental activity in my neighborhood when I sell my house in California?
Robert's answer
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Answered on September 30, 2016
The fact that you are asking the question suggests an answer, since you see the neighbor’s behavior as a potential problem. As a seller you are...
Change Corporate Ownership in California
Robert's answer
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Answered on September 30, 2016
The process required is simple, transferring your wife’s shares of stock to you through some sort of assignment document, as a gift or a sale. ...
Archived
Which type of legal entity would be best to set up for the situation described? LLC, S-Corp, something different?
Robert's answer
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Answered on August 13, 2016
The choice of entity is nearly the last question with which you should be concerned. The venture you describe would require compliance with a...
Archived
What do I need to do to void a joint tenancy form before it is filed
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Answered on August 12, 2016
As between the parties, title transfers when the deed has been delivered and accepted, not when it is recorded. Delivery means that you as the...
Archived
My father and I own a corporation together. 70% and 30%. We want to legal change ownership to 51% (me) and 49% to him.
Robert's answer
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Answered on August 11, 2016
The multiple income and gift tax and estate planning and other issues which this raises for you and your father and the rest of your family and the...
Adding a partner to a Corporation.
Robert's answer
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Answered on August 08, 2016
The short answer is that you need a Board of Directors action to issue him the stock (if he is putting the purchase price into the company) or an...
Archived
I'm in escrow to purchase a large lot (500+ acres) in Kern County. Have prelim title report, would like legal review.
Robert's answer
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Answered on August 01, 2016
You are wise to both review the preliminary title report and seek an attorney’s help in doing so. Be sure to look at the underlying documents, not...
Archived
How can I transfer ownership of a home to a relative?
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Answered on June 08, 2016
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Transferring ownership may have a lot of unintended consequences: reassessment for property tax purposes,...
Can I choose a corporation name in California without business entity identifiers such as Inc., Corporation, Corp. etc?
Robert's answer
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Answered on May 23, 2016
I agree with my colleague Denise Olrich (though in 38 years of practice I have never encountered anyone who formed a statutory close corporation,...
Archived
Can I protect my silent interest in my home with a legal device like a trust, lease with option to buy, or land sales contract?
Robert's answer
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Answered on May 21, 2016
In broad strokes, my first thought is that you could receive and record an option to purchase the property for the original amount of the loan,...
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