“WHEN you see the words “Bubble & Squeak,” what do you think of? A child’s toy? Bathroom cleanser? Or does the traditional English dish of fried leftovers like potatoes and cabbage come to mind?”
“How about property in Chelsea? That is correct, because in addition to the dish, Bubble & Squeak is the name of a small company that owns real estate.”The company is a limited liability company, commonly called an LLC, that has become very popular with real estate investors in the last 10 years or so. LLCs provide a limitation on liability similar to that of a corporation but without the same tax consequences as corporate ownership. They also provide some anonymity.
“We absolutely advise people who want their identity confidential to buy in an L.L.C.,” said Shaun Osher, the chief executive of CORE Marketing Group, a real estate brokerage firm. “Most of the time, the L.L.C. name has some kind of a significance. Usually it’s personal, but it has some meaning.”The column asks, “What do these names have in common: “Elroy L.L.C.,” “Astro L.L.C.,” and “Judy L.L.C.”?”
To find out, read the column.
For your next title order or
if you have questions about what you see here, contact
Stephen M. Flatow, Esq.
Vested Title Inc.
165 Passaic Avenue, Suite 101
Fairfield, NJ 07004
Tel 201-656-9220 - Fax 201-656-4506
E-mail vti@vested.com - www.vested.com
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