Legal Question in Real Estate Law in Pennsylvania

I WANT TO PURCHASE A REAL ESTATE INVESTMENT THAT IS OWNED BY A LLC.

THIS IS THE SOLE ASSET OF THE LLC,WHICH HAS 1 OWNER/SOLE PROPRIETER.

I WAS TOLD I CAN JUST PURCHASE THE LLC BY PURCHASING THE STOCK/OWNERSHIP

RIGHTS OF THE LLC.,AND BECOME OWNER THAT WAY VS PURCHASE/TRANSFER

OF THE LLC. TO MYSELF AND INCURRING ALL THE TRANSFER EXPENSES,SETTLEMENT,

ETC.,IS THIS POSSIBLE?

Thanks

JTE (PA.)


Asked on 12/09/10, 7:54 pm

1 Answer from Attorneys
Steven Rothberg Law offices of Steven D. Rothberg

It is, but technically the pa transfer tax law does require the payment of transfer taxes when 100% of an entity is sold. It is done all the time, however.

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Answered on 12/17/10, 2:38 pm


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