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hey in this video I want to show you how to find the owners of an LLC I'm just in case you're wondering like you get a property you see the property is owned by an LLC you don't know who the owner is I'll show you exactly how the file find the owner or the president of that LLC and their address so first thing we will do is um I'm going to go to google.com and just open a spreadsheet yes oh this file is called Brower cash buyers cash by your holders these are people that are landlords they own properties and they're just holding on to them as you can see this property right here this company right here SRP sub LLC they own 918 properties currently right now and I scrubbed these already the owner's name is energy associate this is address I'm going to show you how to find the owner of the LLC even when you don't um even when you don't have the owner's name in front of you so this is where I left off on line 434 as you can see I don't have the owner's names yet so what I'm going to do is take the name of this corporation or this um yeah this corporation or LLC I'll copy it I'm gonna go to a website call sunbeds org again son biz org here in Florida it'll give you the names of all the corporations or LLC's in the state of Florida so I'm going to come here to this line and just paste the name of the company here then properties inc as you can see I found it here make sure it's active because that's going to be the right one sometimes these people they are enclose the old company and I'll start a new one if it says inactive that means it's it's no longer no longer active so they show the carpet do you have the right file the one that's active so then properties inc I'm gonna click on the name and I scroll down so you're gonna see the registered agent don't use that name because this could be an attorney that registered the company for them you don't trust that sometimes it will be the owner would don't look there and come down to the bottom where it says officers or directors and you'll look for the name here like right here you can see grace Flores title President Jose title vice president who's the owner like who should I mail should I mail grace or should I call grace or Jose let's go down to their annual reports I'm gonna flick on the first annual report and usually the person that's really in charge they'll sign the form so as you can see right here grace Flores she signed here's her signature her electronic signature so yeah I'm gonna go with grace Flores as the owner because she signed it here's her address here's her house address as you can see on the Sun beers website there's a different address watch this up here her dresses 31:45 hunter rural western Florida but over here it's leeward way well let's see and this could be an old adjust right here because this was signed back in 2014 and this one could be the new address so what we have to do is is do a little bit of research I'm gonna copy this address I'm gonna put that into Google and I'm gonna see what type of pictures come back it looks like it could be a house look on Zillow see if they have any good pictures yes five bedrooms six bathrooms 7,000 square feet so that is a house I'm gonna use that address the hunter Road address Westin if it was an office address I will use the old address this one here leeward wait but since it is a house I'm gonna go ahead and use this one then the newer one the one that's on file for 2017 I'll just take the name on grace Flores put it on my spreadsheet grace is our first name flourishes our last name make sure that just matches how to roll and I'll go to the next file I skip this one so I'm gonna go back to it I'll do one more and I'm sure you'll get the picture velocity city one LLC I'll copy that I'll go back to sunbeds board all right here I'll paste it it off search velocity one LLC it is active so I'm going to use this one right here velocity one I remember don't use the registered agents name because this could be an attorney so I'm going to come down here where's this authorized person's title ambassador title ambassador right here I have Jennifer Purcell Lighthouse Point if you wanted to you can come down here and check their annual report see if she signs off on it if so most likely she's the owner or the president he again she saw Jennifer Purcell Lighthouse Point so I'm gonna use that name Jennifer personnel don't you can see the gesture they have for her somewhere in Newport City and it looks like a sweet so that's gonna be our office sometimes when i doing skiptrace the office address it won't it won't come back so I'm going to use on this physical just that I have for her lighthouse point I think I can get a phone number from this before I can get a phone number from her office address yes I'll just copy and paste her address in here you don't have to you can do it yourself you could type it but for this video I'm just gonna copy and paste and that's pretty much it you just keep doing the same thing over and over just goes to the next name copy that paste it into some biz or venture cultural LLC the intercultural Elsi make sure it's active slow down don't use the registered name agents name use the authorized person give run Garcia or this person right here I'm not sure who owns the company again come down to the annual report see who's side give her inside it's most likely um he's the owner but it also says he's an attorney right here most likely he's the owner we wanted to use him you could wanted to use the other person you could we just want to get a phone number so we can contact these people you have the same address so yeah that's it man just keep scrubbing on your list just many names phone numbers as you there's many names as you can so we can skip trace get the phone numbers give them a call and see if they want to be a part of your buyers list have any questions feel free to reach out to me or your team leader good luck have a blessed day
Thanks for your comment Kaitlin Farnese, have a nice day.
- Columbus Shamel, Staff Member
hi Ellie Phillips here I want to talk today about who owns a limited liability company who owns an LLC and it's a question that I get quite often and it's kind of a whoop duh the owners on the LLC yeah that's true but who are the owners and now I'll see we don't call them owners we don't call them shareholders like we do in a corporation we call them members they're members they're not partners they're our members and those are the guys who own it so who can own the LLC maybe that's a better question the fact of the matter is is it depends upon how the LLC is taxed as to who can own it if it's a single owner taxed as a disregarded entity or a sole proprietorship then you are going to own it now wait wait wait wait maybe we don't want you to own it maybe we want your living revocable trust to own it because if your living revocable trust owns it then your family doesn't have to probate it when you die so in the back of your mind and I'm gonna go fast think when I say you own it no no youyou don't actually own it you're living revocable trust owns it but for practical purposes for legal purposes for tax purposes you are your living revocable trust so if it's one guy one living revocable trust you then you have it taxed as a sole proprietorship and then if you're going to tax it as a partnership you can basically have anybody you want own a partnership interest be a member if it's taxed under subchapter S you've got to follow the subchapter S rules as do owns it the short story is is that subchapter S requires basically that a warm-blooded America citizen owns it now we can get green card holders and we can get a bunch of things but you can't have another LLC or a corporation or another entity owned an interest in an LLC or corporation that's taxed under subchapter S of the IRS code there are very specific rules you can only have a limited number when I started out I think was like 20 yeah sure yeah I think it's more like 150 now that tells you how old I am yes and my phone is on I apologize you've got the hundred and fifty that or whatever it is today that a subchapter S entity can actually have as the owners and they have to be people because the IRS wants to make sure that they can find that person and get that person taxed as an owner or a member of the LLC if it's a taxon under Chapter C of the IRS code that's the same as the C corporation that's the same as IBM Ford all the rest of these guys and you can have as many members or owners as you want you can sell stock on the stock exchange if you register it and do all that stuff so who is the owner of an LLC depends upon how the LLC is taxed generally your gonna be the owner actually you're not your living revocable trust is and that's the way the vast majority of LLC's are set up by the way one one more thing I said that if it's taxed under subchapter S and you may want your little LLC taxed under subchapter S if you are earning earned income you're selling goods or services basically then you want it taxed problem under subchapter S there's some big tax advantages and we talk about those in other videos that we have but can your living revocable trust own the membership interest if it's taxed under subchapter S I just told you that I had to be a warm blooded American citizen and then I told you earlier that you're living a revocable trust for legal and everything else is you so can your trust on the stock the membership interests in the LLC that's taxed under subchapter S the answer is yes if it meets what week if it's a qualified subchapter S trust and it has to meet I think seven criteria basically you have to get all the income from it and it has to be paid out at least annually so if your trust is properly written and meets these criteria then your trust can even own your membership interest in an LLC taxed under subchapter S Lee Phillips talking about who owns an LLC who owns a limited liability company
Thanks jesticles9 your participation is very much appreciated
- Columbus Shamel
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I've studied solid geometry at George Fox University in Newberg and I am an expert in military policy. I usually feel calm. My previous job was fence installer I held this position for 14 years, I love talking about footbag and bushcraft. Huge fan of MrBeast I practice skydiving and collect phone cards.
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