How do I purchase/sell a property within an entity? Which docs are needed?

There are many variables when making a major purchase or sale in the name of an entity. Each industry has a different “standard process”. Real Estate transactions will involve a Title Company, and each company has a different process. In general, you will need to provide the title company with your entity’s Articles, Bylaws or Operating Agreements, EIN, and a resolution giving you the authority to sign on behalf of the company. You will be designated a title within your Corporation or LLC, and this will be the title used when you sign or enter into agreements on behalf of your business entity. Your NCH coach will go over LLC/Corporate titles during your walk-through appointment. You will also need to open a checking account for your entity. The entity making the purchase or sale will need to have the ability to make financial transactions with its own bank account separate from your own personal accounts. If you have any questions pertaining to opening a business account, please contact your NCH coach and they can assist you. In many cases involving real estate transactions; you may be required to “foreign file”, and your NCH Coach can assist you with this. Again, there are many variables involved, and we do encourage you to contact your NCH coach to help you prepare for your closing. Please contact Premier Client Services at [phone] to schedule an appointment with your NCH Coach.

***You must be an existing NCH Client. If not, and want to learn more about NCH, please contact [e-mail] and we can coordinate an appointment on your behalf.