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ABSTRACTERS OF AMERICA - CLEOFI BLASS/NJ
10/29/2004 9:30:27 AM (2200 views)
Re: ABSTRACTERS OF AMERICA - Shannon Blatt/VA
10/29/2004 9:46:11 AM (2851 views)
Re: ABSTRACTERS OF AMERICA - Michael Solt/PA
10/31/2004 12:04:31 PM (2724 views)
Re: ABSTRACTERS OF AMERICA - CLEOFI BLASS/NJ
11/2/2004 10:19:31 AM (2758 views)

Signing Agent for Closings - Lisa Ramsey/TX
10/28/2004 8:33:43 PM (2026 views)
Re: Signing Agent for Closings - Shannon Blatt/VA
10/28/2004 10:18:29 PM (3429 views)
Re: Signing Agent for Closings - Judy Nisonger/CA
10/29/2004 11:59:52 AM (2777 views)
Re: Signing Agent for Closings - Brenda Sarver/MD
11/1/2004 10:56:10 AM (2746 views)
Re: Signing Agent for Closings - kevin ahern/CT
11/1/2004 11:47:19 AM (2813 views)
Re: Signing Agent for Closings - Teresa Walker/TN
11/1/2004 9:36:04 AM (3860 views)
Re: Signing Agent for Closings - Lisa Ramsey/TX
11/1/2004 10:59:01 AM (2710 views)
Re: Signing Agent for Closings - Judy Nisonger/CA
11/2/2004 1:36:58 PM (2682 views)
Re: Signing Agent for Closings - Lisa Ramsey/TX
11/3/2004 12:49:06 PM (2748 views)
Re: Signing Agent for Closings - Judy Nisonger/CA
11/7/2004 9:59:03 PM (2648 views)

Becoming an abstractor - CTE/MD
10/28/2004 12:06:24 PM (2243 views)
Re: Becoming an abstractor - Robert Franco/OH
10/28/2004 1:58:16 PM (3078 views)
Re: Becoming an abstractor - Jay Duncan/MO
10/28/2004 2:12:55 PM (4243 views)
Re: Becoming an abstractor - CTE/MD
10/28/2004 3:14:27 PM (3050 views)
Re: Becoming an abstractor - Shannon Blatt/VA
10/28/2004 4:05:56 PM (2991 views)
Re: Becoming an abstractor - John Sarro/MD
11/4/2004 7:40:55 PM (4185 views)
Re: Becoming an abstractor - Robert Franco/OH
11/4/2004 8:12:21 PM (5410 views)
Re: Becoming an abstractor - Robin Beaker/MD
11/7/2004 11:03:34 AM (4296 views)
Re: Becoming an abstractor - Shannon Blatt/VA
11/4/2004 11:31:33 PM (2898 views)
See here is another idiot posting. - Robin Beaker/MD
11/7/2004 11:13:33 AM (3190 views)
Re: See here is another idiot posting. - Julie Jasiunas/WI
11/7/2004 12:18:23 PM (2984 views)
Robin: here is another idiot posting. - Shannon Blatt/VA
11/7/2004 3:56:19 PM (2855 views)
Re: Robin: here is another idiot posting. - Loretta Reed/MD
11/7/2004 6:14:09 PM (2903 views)
Re: Robin: here is another idiot posting. - Lisa Ramsey/TX
11/9/2004 11:30:07 AM (2787 views)
Re: See here is another idiot posting. - Robert Franco/OH
11/7/2004 8:45:09 PM (2973 views)
Re: See here is another idiot posting. - Judy Nisonger/CA
11/7/2004 9:47:57 PM (2924 views)
I bet this lady gets sued - Mary Roberson/MD
11/15/2004 8:38:55 PM (3238 views)
Re: I bet this lady gets sued - Shannon Blatt/VA
11/15/2004 11:36:37 PM (2940 views)

Everyone's Qualifications - Lisa Ramsey/TX
10/27/2004 9:17:41 PM (2248 views)
Re: Everyone's Qualifications - Judy Nisonger/CA
10/27/2004 10:27:25 PM (2864 views)
Re: Everyone's Qualifications - Shannon Blatt/VA
10/28/2004 12:53:00 AM (2739 views)
Re: Everyone's Qualifications - Lisa Ramsey/TX
10/28/2004 9:27:23 AM (3450 views)
Re: Everyone's Qualifications - Jay Duncan
10/28/2004 8:40:25 AM (2859 views)
Re: Everyone's Qualifications - Kurt deVries/FL
10/28/2004 9:02:59 AM (2733 views)
Re: Everyone's Qualifications - Lisa Ramsey/TX
10/28/2004 9:30:16 AM (2834 views)
Re: Everyone's Qualifications - Kurt deVries/FL
10/28/2004 11:17:34 AM (2829 views)
Re: Everyone's Qualifications - Lisa Ramsey/TX
10/28/2004 4:51:55 PM (2773 views)
Re: Everyone's Qualifications - Lisa Ramsey/TX
10/28/2004 9:21:59 AM (2694 views)
Re: Everyone's Qualifications - Robert Breakell/CT
10/28/2004 10:40:11 AM (2904 views)
Re: Everyone's Qualifications - Kim Cowles/WI
10/28/2004 10:47:47 AM (2822 views)
Re: Everyone's Qualifications - Kurt deVries/FL
10/28/2004 11:15:18 AM (3007 views)
Re: Everyone's Qualifications - Kim Cowles/FL
10/28/2004 1:04:11 PM (3568 views)
Re: Everyone's Qualifications - Robert Franco/OH
10/28/2004 11:15:38 AM (2834 views)
Re: Everyone's Qualifications - Kurt deVries/FL
10/28/2004 11:20:49 AM (2658 views)
Re: Everyone's Qualifications - Robert Franco/OH
10/28/2004 1:10:52 PM (2673 views)
Re: Everyone's Qualifications - Lisa Ramsey/TX
10/28/2004 4:57:42 PM (2723 views)
Re: Everyone's Qualifications - Steve Schneider/IN
10/28/2004 7:06:48 PM (2759 views)

Are we our own worst enemy? - Robert Franco/OH
10/27/2004 5:12:06 PM (2153 views)
Re: Are we our own worst enemy? - Lisa Ramsey/TX
10/27/2004 5:30:18 PM (2742 views)
Re: Are we our own worst enemy? - kevin ahern/CT
10/28/2004 7:54:18 AM (2751 views)
Re: Are we our own worst enemy? - Robert Franco/OH
10/28/2004 3:21:01 PM (2667 views)
Re: Are we our own worst enemy? - kevin ahern/CT
10/28/2004 4:11:01 PM (2676 views)
Re: Are we our own worst enemy? - Judy Nisonger/CA
10/29/2004 12:05:55 PM (2670 views)
Re: Are we our own worst enemy? - Lisa Ramsey/TX
10/29/2004 8:02:26 PM (2625 views)
Re: Are we our own worst enemy? - kevin ahern/CT
10/29/2004 8:43:12 PM (2624 views)
Re: Are we our own worst enemy? - Anne Pettitt/MD
11/1/2004 10:50:10 AM (2606 views)
Re: Are we our own worst enemy? - Lisa Ramsey/TX
11/1/2004 11:04:41 AM (2714 views)
Re: Are we our own worst enemy? - Judy Nisonger/CA
11/7/2004 10:01:46 PM (2652 views)
Re: Are we our own worst enemy? - Douglas Gallant/OH
11/12/2004 6:17:07 PM (2619 views)




HEY THERE IS GOOD NEWS! - Lisa Ramsey/TX
10/27/2004 11:42:50 AM (2149 views)
Re: HEY THERE IS GOOD NEWS! - Jay Duncan
10/27/2004 12:18:44 PM (2741 views)
Re: HEY THERE IS GOOD NEWS! - Lisa Ramsey/TX
10/27/2004 3:52:50 PM (2615 views)
Re: HEY THERE IS GOOD NEWS! - Shannon Blatt/VA
10/27/2004 4:36:02 PM (2684 views)
Re: HEY THERE IS GOOD NEWS! - Robert Breakell/CT
10/27/2004 6:00:08 PM (2688 views)
Re: HEY THERE IS GOOD NEWS! - Lisa Ramsey/TX
10/27/2004 7:31:00 PM (2605 views)
Re: HEY THERE IS GOOD NEWS! - Robert Breakell/CT
10/27/2004 9:13:39 PM (3610 views)
Re: HEY THERE IS GOOD NEWS! - Donna Grady/NC
10/27/2004 10:51:16 PM (2510 views)
Re: HEY THERE IS GOOD NEWS! - Debra Adkins/VA
11/2/2004 9:14:59 PM (2487 views)

HEY THERE IS GOOD NEWS! - Lisa Ramsey/TX
10/27/2004 11:42:48 AM (1532 views)

This Web Site is a MUST!!! - Jay Duncan/MO
10/26/2004 10:31:00 PM (2394 views)

NEW INFO RE FEES ASKED TO BE REDUCED - Lisa Ramsey/TX
10/26/2004 8:35:12 PM (2161 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Jay Duncan
10/26/2004 8:50:18 PM (2805 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Lisa Ramsey/TX
10/27/2004 10:38:21 AM (2781 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Jay Duncan
10/27/2004 10:51:18 AM (2772 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Lisa Ramsey/TX
10/27/2004 11:02:28 AM (2809 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Robert Breakell/CT
10/26/2004 9:08:59 PM (2749 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Wayne Schutt II/NY
10/26/2004 9:13:24 PM (2802 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Shannon Blatt/VA
10/26/2004 9:20:07 PM (3742 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Lisa Ramsey/TX
10/27/2004 11:12:38 AM (2767 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Lisa Ramsey/TX
10/27/2004 11:01:41 AM (2700 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Lisa Ramsey/TX
10/27/2004 11:01:41 AM (2695 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Robert Franco/OH
10/26/2004 9:51:35 PM (2684 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - anon/GA
10/26/2004 10:23:18 PM (2768 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Lisa Ramsey/TX
10/27/2004 11:15:55 AM (2778 views)
e &o - Lynn Hammett/SC
10/27/2004 4:48:28 PM (2801 views)
Re: e &o - Lisa Ramsey/TX
10/27/2004 5:13:13 PM (2752 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Lisa Ramsey/TX
10/27/2004 7:33:24 PM (2765 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Jay Duncan/MO
10/27/2004 10:31:34 PM (2631 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Lisa Ramsey/TX
10/28/2004 9:34:36 AM (2681 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Jay Duncan
10/28/2004 9:37:40 AM (2798 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Lisa Ramsey/TX
10/28/2004 9:42:49 AM (2792 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Donna Grady/NC
10/27/2004 10:35:48 PM (2640 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Donna Grady/NC
10/27/2004 10:40:40 PM (2754 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Lisa Ramsey/TX
10/28/2004 9:39:55 AM (2766 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Lisa Ramsey/TX
10/28/2004 9:38:44 AM (2819 views)
Re: NEW INFO RE FEES ASKED TO BE REDUCED - Debra Adkins/VA
11/1/2004 9:21:17 AM (2791 views)

Here is another thought... - Robert Franco/OH
10/26/2004 3:14:00 PM (2009 views)
Re: Here is another thought... - Jay Duncan
10/26/2004 4:20:22 PM (2730 views)
Re: Here is another thought... - kevin ahern/CT
10/26/2004 4:44:27 PM (2727 views)
Re: Here is another thought... - kevin ahern/CT
10/26/2004 4:38:33 PM (2731 views)
Re: Here is another thought... - Robert Franco/OH
10/26/2004 5:22:47 PM (2617 views)
Re: Here is another thought... - kevin ahern/CT
10/26/2004 6:26:22 PM (2623 views)
Re: Here is another thought... - Robert Breakell/CT
10/26/2004 7:09:11 PM (2634 views)
Re: Here is another thought... - Lynn Hammett/SC
10/26/2004 7:13:27 PM (2636 views)
Re: Here is another thought... - kevin ahern/CT
10/26/2004 7:38:28 PM (2606 views)
Re: Here is another thought... - Jay Duncan/MO
10/26/2004 8:41:06 PM (2653 views)
Re: Here is another thought... - Jay Duncan/MO
10/26/2004 8:47:15 PM (2524 views)
Re: Here is another thought... - Robert Franco/OH
10/26/2004 9:58:57 PM (2561 views)
Re: Here is another thought... - kevin ahern/CT
10/27/2004 7:25:09 AM (2597 views)
Re: Here is another thought... - kevin ahern/CT
10/27/2004 6:59:35 AM (2571 views)
Re: Here is another thought... - Jay Duncan
10/27/2004 8:40:40 AM (2497 views)
Re: Here is another thought... - kevin ahern/CT
10/27/2004 10:04:36 AM (2537 views)
Re: Here is another thought... - Jay Duncan
10/27/2004 10:49:15 AM (2513 views)
Re: Here is another thought... - Robert Franco/OH
10/27/2004 11:04:58 AM (2537 views)
Re: Here is another thought... - kevin ahern/CT
10/27/2004 12:53:52 PM (2493 views)
Re: Here is another thought... - Lynn Hammett/SC
10/27/2004 4:55:57 PM (2537 views)
Re: Here is another thought... - Shannon Blatt/VA
10/27/2004 5:03:50 PM (2519 views)
Re: Here is another thought... - kevin ahern/CT
10/26/2004 7:39:52 PM (2398 views)
Re: Here is another thought... - Robert Breakell/CT
10/26/2004 8:52:45 PM (2509 views)
Re: Here is another thought... - kevin ahern/CT
10/27/2004 7:37:40 AM (2423 views)
Re: Here is another thought... - kevin ahern/CT
10/26/2004 7:25:52 PM (2375 views)
Re: Here is another thought... - Lynn Hammett/SC
10/26/2004 7:11:56 PM (2545 views)
Re: Here is another thought... - kevin ahern/CT
10/26/2004 5:12:46 PM (2591 views)
Re: Here is another thought... - Lynn Hammett/SC
10/26/2004 6:37:55 PM (3273 views)
Re: Here is another thought... - Donna Grady/NC
10/26/2004 10:58:04 PM (2283 views)
Re: Here is another thought... - kevin ahern/CT
10/27/2004 7:47:14 AM (2363 views)
Re: Here is another thought... - Robert Breakell/CT
10/27/2004 8:34:01 AM (2293 views)
Re: certification - Shannon Blatt/VA
10/27/2004 11:16:19 AM (2232 views)
Re: certification - kevin ahern/CT
10/27/2004 1:40:20 PM (2330 views)
Re: certification - Shannon Blatt/VA
10/27/2004 4:48:45 PM (2398 views)
Re: Here is another thought... - Judy Nisonger/CA
10/27/2004 1:43:58 PM (3290 views)

Local Abstractors & the SOT Directory - David Bloys/TX
10/26/2004 12:54:21 PM (2008 views)
Re: Local Abstractors & the SOT Directory - Robert Franco/OH
10/26/2004 2:16:11 PM (2437 views)
Re: Local Abstractors & the SOT Directory - Donna Grady/NC
10/26/2004 10:17:52 PM (2381 views)

WARNING - Roger Walters/MA
10/26/2004 10:36:39 AM (2076 views)
Re: WARNING - Jay Duncan/MO
10/26/2004 10:57:28 AM (2628 views)
Re: WARNING - Robert Franco/OH
10/26/2004 11:19:11 AM (2579 views)
Re: WARNING - Kathy Clark/CA
10/26/2004 12:48:31 PM (2584 views)
Re: WARNING - Robert Franco/OH
10/26/2004 2:58:47 PM (2476 views)
Re: WARNING - Roger Walters/MA
10/26/2004 1:20:18 PM (2526 views)
Re: WARNING - Robert Franco/OH
10/26/2004 1:53:44 PM (2481 views)
Re: WARNING - kevin ahern/CT
10/26/2004 1:33:04 PM (2566 views)
Re: WARNING - David Bloys/TX
10/26/2004 1:26:25 PM (2566 views)
Re: WARNING - Judy Nisonger/CA
10/26/2004 7:52:13 PM (2477 views)

SOT opinion on LLC - Robert Franco/OH
10/25/2004 5:20:51 PM (2054 views)
Re: SOT opinion on LLC - Robert Breakell/CT
10/25/2004 6:03:38 PM (2541 views)
Re: SOT opinion on LLC - Shannon Blatt/VA
10/25/2004 6:58:15 PM (2477 views)
Re: SOT opinion on LLC - Robert Franco/OH
10/25/2004 7:55:01 PM (2519 views)
Re: SOT opinion on LLC - Shannon Blatt/VA
10/25/2004 11:14:31 PM (2505 views)
Re: SOT opinion on LLC - Jay Duncan
10/25/2004 11:51:35 PM (2523 views)
Re: SOT opinion on LLC - kevin ahern/CT
10/26/2004 4:46:38 AM (2491 views)
Amendment 5 - kevin ahern/CT
10/26/2004 7:41:17 AM (2492 views)
Re: Amendment 5 - Jay Duncan
10/26/2004 8:41:12 AM (2420 views)
Re: Amendment 5 - kevin ahern/CT
10/26/2004 9:13:37 AM (2521 views)
Re: Amendment 5 - Robert Breakell/CT
10/26/2004 9:50:41 AM (2461 views)
Re: Amendment 5 - kevin ahern/CT
10/26/2004 10:28:33 AM (2466 views)
Re: Amendment 5 - Donna Grady/NC
10/26/2004 10:44:09 AM (2522 views)
Re: Amendment 5 - Norean Cashwell/GA
11/4/2004 6:15:13 PM (2379 views)

LLC Questions??? - Jay Duncan/MO
10/23/2004 11:18:11 AM (1980 views)
Re: LLC Questions??? - kevin ahern/CT
10/23/2004 1:07:41 PM (2539 views)

Hi Jay, thanks for your response. You raise very valid points.

1. In so far as the non-producing searcher is concerned, the issue of productivity could be addressed in the management agreement of an LLC or By laws of a corporation. Possibly complaints resulting from their work could result in reducing the number of assignments given to them. Some of the title companies make this a condition in their agreements with independent searchers now. Perhaps something like this could be set up internally. With respect to the matter of profits, you are right that profits are dividended out to shareholders in corporations or paid out to members of an LLC. In most states however, the laws require that all debts of the corporation be paid first before there is a pay out to shareholders or members. Ideally the LLC or corporation could be structured in such a way as to assure that the funding covers only the expenses, or that any resulting profits be retained by the LLC or corporation for future growth and development with a possible reduction in future deuctions from assigned search fee paid by the searchers until exhausted. there are a number of ways that it can be structured. With respect to thie issue of taxes, As I recall LLC's are generally taxed as partnerships or sole proprietorships unless you request that the IRS tax it as a corporation. Corporations are doubly taxed by the IRS unles you file for subchapter S status. In any event if the LLC or corporation does not make any profits there are no taxes or possibly only minimal taxes to be paid. Right now the searchers are all paying their own taxes to the IRS. Their participation in the LLC or corporation does not change that. The LLC or corporation acts only as a cobduit to market the searchers skills and foward seach orders to him through as small a staff as possible of marketers and internal management whose duties amount to nothing more than selling the searvices and forwarding the orders for whatever services are needed.

2. Invoicing remains in the hands of the searchers. That does not change. Some of the title insurance companies up here does it that way. They place the order with the searcher. The searcher does the search and bills the party that ordered the search, appraisal or whatever directly. Any question s on the search or payment for the search re,main between the searcher, appraiser and the party ordering the services.


3. The pice adjustments for metro and rural areas are something that the markewters will deal with in packaging and selling the services. In terms of funding the LLC to keep it functional, those funds come from a minimal charge to be deducted from each search/appraisal/witness closing assigned out. As to how they bill the searchers,appraisers,attorney,notaries for this, one idea might be for each participating searcher,appraiser. attorney or notary to keep a small escrow fund with the LLC or corporation... For example a fund of $100.00.The LLC or corporation could bill each of the assigned give out to each of the escrow funds until exhausted, and thereafter the escrow fund would have to be replenished. This is only one idea. If you have something in mind, feel free to throw it in.

4. The LLC or corporation does not review the searches before they go out. That is left to the individual searchers. They currently do this, and that does not change. I think the individual searchers would prefer to do it this. The LLC or corporation may need to carry its own e& o insurance as well, and that is definitely something that would need to be explored. Remember also it may have no liability for assigning the work out. The participating members status a shareholder's does not in itself make them liable for a bad search. In performing the searches they may be construed as independent contractors, depending upon the law of the state in which they work. If that is the case the LLC or corporation is only liable to the extent that it did not assign the work to a qualified individual. However, the safest thing to do would be to have the LLC or corporation obtain its own insurance.

5. In so far as running the corporation is concerned, yes, you do need to have officers and directors. They can come from the ranks of the shareholders, but they do not have to. You elect them like you would in any corporation. You nominate directors and the sharholders vote them into office for whatever time provided in the by laws. In the case of an LLC you can address the same issues in the management agreement required by law.

I don't know did this address the questions sufficiently. If not let's talk some more, or if you have other ideas, that would be great too.



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Re: LLC Questions??? - Jay Duncan/MO
10/23/2004 1:41:15 PM (2595 views)
Re: LLC Questions??? - kevin ahern/CT
10/23/2004 4:38:12 PM (2441 views)
Re: LLC Questions??? - Judy Nisonger/CA
10/23/2004 6:44:24 PM (2471 views)
Re: LLC Questions??? - Donna Grady/NC
10/24/2004 11:41:09 PM (2483 views)
Re: LLC Questions??? - kevin ahern/CT
10/25/2004 6:44:17 AM (2461 views)
Re: LLC Questions??? - Donna Grady/NC
10/25/2004 12:05:04 PM (2470 views)
Re: LLC Questions??? - kevin ahern/CT
10/25/2004 12:57:03 PM (2441 views)
Re: LLC Questions??? - Judy Nisonger/CA
10/25/2004 4:06:24 PM (2379 views)

Outsourcing Article - Shannon Blatt/VA
10/22/2004 11:05:02 PM (2770 views)
Re: Outsourcing Article - David Bloys
10/23/2004 9:01:02 AM (2478 views)
Re: Outsourcing Article - Judy Nisonger/CA
10/24/2004 2:39:28 PM (2382 views)


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