Hi Kevin, I'm still with you on this, I think the only way to do this is a separate entity which we buy into. We certainly can write most of these concerns into the operating agreement or by-laws. I really think that most of these concerns have solutions to work out for everyone. The one question I came up with is: would this entity have to be qualified or authorized in all 50 States? I guess it would depend on each states provision for foreign entities. I know the fees here in CT are $300.00 for a foreign corp and $75.00 per year. Could run into substantial costs just for regulatory expenses. Just a thought and perhaps we wouldn't have to. I know in CT the entity must be authorized if it is "conducting more than one transaction" not including holding real estate, loans, mortgages, conducting meeting, etc. (I can't remember the whole statue!) Just a thought.
Robert Breakell
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