Seller wants to sell the LLC which holds the property instead of simply selling the property FROM the LLC.
This is a MHP in Ohio; and seems to be a good deal overall.
Sounds like structuring the sale this way will keep the property taxes low, and, I assume, help the seller in some way with gains?
Would love you guys’ thoughts as I’ve never taken this path before.
Any potential pitfalls or extra due diligence needed on something like this?
I was thinking I need to verify that there aren’t a bunch of outstanding liens or court cases against the LLC