Legal Question in Real Estate Law in Virginia
Can a partner who owns half of LLC. Which owns land sell his part to his two sons with out selling each parcel separately
Asked on 10/16/14, 8:32 am
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
If this partner sold his half interest in this business to his two sons,
then they should own half of the business with what ever assets it owned,
whether parcels of land or whatever (in my opinion).
Answered on 11/03/14, 8:41 am