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LODMELL & LODMELL

I am often asked some version of the question: "Where should I set up the LLC which will own my rental property?  Can I use a "better" state like WY, NV, AZ or Delaware, or should…

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The question for most of our clients is: "Does my Arizona LP need to file an Arizona tax return if I am not a resident of the State and the partnership does not do any business…

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The answer is YES, there are still restrictions on ownership for an LLC that is taxed as an S-Corporation. There is some confusion and it is important to understand that even if you have an LLC,…

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  Client often ask if transferring their home into the Bridge Trust will trigger the Due-On-Transfer clause of their mortgage.  The short answer is no.  The Bridge Trust is an inter vivos trust in which the…

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Land Trusts fall into a class of Trust called "Special Purpose Trusts".  An SPT is any trust which has a specific and limited purpose.  This would include a Land Trust, which are designed only to hold…

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