Legal Question in Business Law in Georgia

Georgia LLC

I am the trustee of an irrevocable trust formed in NY; the trust allows me to invest trust funds in real estate. Can I form a Georgia LLC (for real estate investment) with me, my wife, and this trust as members?

Thank you.


Asked on 3/02/08, 6:23 pm

1 Answer from Attorneys
Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

Re: Georgia LLC

Yes. The trust can be an owner of the LLC. However, there may be issues in New York regarding your duty to the trust. You will need to check with a New York trust attorney to determine your responsibilities.

If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

Read more
Answered on 3/08/08, 9:22 am


Related Questions & Answers

More Business Law questions and answers in Georgia