Legal Question in Real Estate Law in California
real estate, real property
is the transfer legal in california of real property to a corporation not registered in the state?
2 Answers from Attorneys
Re: real estate, real property
Probably. Occasional purchases and sales of real property by unregistered corporations are not illegal, nor do occasional transactions trigger an obligation to register (and pay the franchise tax). If a corporation is dealing in real estate as a regular business activity or is acting as a broker, the answer is different; a corporation with this level of activity needs to register with the California Secretary of State.
Re: real estate, real property
Probably. Occasional purchases and sales of real property by unregistered corporations are not illegal, nor do occasional transactions trigger an obligation to register (and pay the franchise tax). If a corporation is dealing in real estate as a regular business activity or is acting as a broker, the answer is different; a corporation with this level of activity needs to register with the California Secretary of State.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
