SOME DOCUMENTS YOU’LL NEED WHEN PURCHASING A PROPERTY VIA LTC

Dec 4, 2015

What will you need? Well your lawyer should prepare these three documents for you:

Minutes of Meeting of Directors (Sample)

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Major Transaction Resolution of Shareholders (Editable, Word format)

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Resolution Ratifying Resolution of Directors (Editable, Word format)

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This resolution refers to why you bought the property, assuming it is for rental residential purposes. In addition, all of your written/email correspondence should make your intention clear, i.e., when communicating with your lawyer, bank, financial advisor explain that the purpose of the acquisition is for rental residential investment property.

Shareholders’ Special Resolution – To Purchase and Purpose (Editable, Word format)

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This last file is a LTC election form. You use it to turn an ordinary company into a Look Through Company

ir862.pdf

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