Summary
The title to a property in California is generally perfected at the time of a foreclosure sale, with a 3-month right of redemption for the original owner. To apply for an LLC in California, you need to choose a unique name, appoint a registered agent, file the Articles of Organization, create an LLC Operating Agreement, file a Statement of Information, obtain necessary licenses, and get an EIN. Starting a business in California involves deciding on a business structure, choosing a name, registering with the Secretary of State, obtaining an EIN, registering for taxes, obtaining licenses, complying with employee regulations, and getting insurance. The new owner of a used vehicle in California is not responsible for past due registration fees; the seller must pay these fees.Full Conversation
During a foreclosure sale is the title of the property perfected during the sale
Hello ****. The title to the property typically transfers to the new owner at the time of the foreclosure sale. However, this can depend on local laws. Could you please tell me in which state the property is located?
Ca
In California:
- The title is generally perfected at the time of foreclosure sale.
- The previous owner has a *-month right of redemption.
- The trustee's deed upon sale finalizes the transfer.
Please consult a legal professional for specific advice.
What is the *-month right of redemption
The *-month right of redemption in California is the period after a foreclosure sale where the original owner can reclaim their property by paying the full amount of the unpaid loan, plus costs.
What is required to apply for an LLC in California
To apply for an LLC in California, you need to:
- Choose a unique name for your LLC.
- Appoint a registered agent.
- File the Articles of Organization.
- Create an LLC Operating Agreement.
- File a Statement of Information with the state.
- Obtain necessary business licenses and permits.
- Get an EIN from the IRS.
What requirements does California have in starting a business
To start a business in California you need to:
- Decide on a business structure (LLC, Corporation, etc.)
- Choose a business name.
- Register your business with the Secretary of State.
- Obtain an Employer Identification Number (EIN).
- Register for state and local taxes.
- Obtain necessary licenses and permits.
- Comply with employee regulations if hiring.
- Get business insurance.
What fees are involved with starting a business in California
In California, the costs of starting a business are:
- Filing fee for Articles of Incorporation/Organization: $*
- Initial Statement of Information: $*
- Annual Franchise Tax: $*
- Possible city/county business license fees: Varies
- Various professional licensing fees: Varies
Please consult a professional for exact costs.
In California is the new owner of a used vehicle responsible for past due registrations
In California:
- The new owner of a used vehicle is not responsible for past due registration fees.
- The seller is responsible for paying off any unpaid registration fees and penalties.
- The DMV will collect these fees at the time of transfer if unpaid.
Please consult the California DMV for specific questions.
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