Purchasing Property With Llc

Summary

An LLC must be legally formed before conducting any business, including purchasing property. The property can be transferred to the LLC once it is established. Using an unestablished LLC to purchase something could potentially be considered fraud, but not necessarily forgery. Consult a local attorney for personalized advice.

Full Conversation

Can a person purchase property with an LLC that isnt incorporated yet?
Hello Heather,
In general:
- An LLC must be legally formed before it can conduct any business, including purchasing property.
- The property may be transferred to the LLC once it is established.
Please consult with a local legal professional for advice tailored to your specific situation.
is it forgery if a person purchases something with an unestablished llc?
Hello Heather,
In general, forgery involves the creation, alteration, or use of a false document with the intent to defraud. If a person uses an unestablished LLC to purchase something, it could potentially be considered fraud, but not necessarily forgery. If you suspect fraudulent activity, you may want to speak with a local attorney.