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The form that best meets the needs of the clients.
Minnette Olsen - well, this is an attorney question and depends on the owner.
ask your lawyer, dont ask real estate peoples
Get advice from a competent title attorney
Ask your CPA or your attorney/ A
Talk to an attorney or your tax professional
Good question for a RE attorney and CPA.
the ONLY way is via a real estate attorney's guidance....let me repeat; THROUGH THE GUIDANCE OF A REAL ESTATE ATTORNEY....
What does your Utah RE teacher say?
By consulting with an attorney.
Great question for your broker.
Anthony Acosta - ALLAT...
The best way is to study them and decide which is best for you.
For most people a sole proprietorship is best, as long as you don't have a lot of assets to protect, much easier at tax time.
Stevens Point, WI
Suggest they talk to a real estate attorney or estate planning attorney!
get legal counsel
Asked and answered numerous times already here in AR.
They should discuss the different forms of ownership with the title company and their attorney.
Discuss it with counsel and with your escrow officer.
It depends on your individual situation and it should be asked of your CPA/tax preparer/adviser.
It depends on the situation and there are many variables. Consult one or more accountants, lawyers and perhaps other professionals who are knowledgeable about this topic and can give appropriate advice for the relevant jurisdiction(s).
That would be ask your buyer agent and or a lawyer to what works best for you beased on the legal definitions.
Minnette Olsen It's not a matter of choice, but what fits the buyer's situation. We should know the basics of the various types of ownership, but it is ultimately in the buyer's best interest to consult with a real estate attorney.
See an Attorney.
There is no best way but the way that is best for that person. There are several ways to take title each one performing a function. Know that function
Speak with a title attorney about what the different ways of holding title in that particular state mean and go from there.