Laramie, Wyoming Real Estate: Taking Title as a Corporation
By Brenda Whitman, Live in Laramie Real Estate, Broker/Co-Owner, Laramie, Wyoming
(Live in Laramie Real Estate, Laramie, Wyoming)
I have to admit, by this point, I thought I would have consolidated several of the ways to take title into one post, especially the more "businessy" ones: Partnership, LLC, Corporation, and Trust . Then, I realized they each deserved their own description - whether I liked it or not! Here are the key points of taking title as a Corporation: A corporation can be considered a whole unit. As one entity a corporation can hold title in severalty, or as a tenant in common. Since a corporation is not an actual person, it cannot die. Even if one of it's officers, shareholder or directors dies, the corporation will continue to exist until it is formally dissolved. A corporation has a board of directors who manage and operate it according to it's charter (rules it established for operating an...
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