Name change on replacement property.

Hi Steve,

 Recently, I sold an office building and used the proceeds to purchase an apartment complex with  1031x.com.  I would now like to change the name of the former office building LLC that holds the new property to something that's more suitable for an apartment complex. Can I make that change without subjecting myself to any tax penalties or any other negative consequences?

Dear L:  The best thing to do is to change the name without changing the tax ID number.  Find out how to change the name, under state law, while maintaining the current ownership structure and tax ID number. 

 

Steve Hickox
Attorney / President

1031x.com has grown to provide many services to our clients as Castle United!
Click here:  http://www.CastleUnited.com/

1031x.com, Inc.
2120 S. Birch St.
Denver, CO 80222
303.504.0144
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