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Does American law really fall for that sort of cheap scheme? In most other places that would be an additional law broken.
by zorked 7y ago
Does American law really fall for that sort of cheap scheme? In most other places that would be an additional law broken.
- jdavis703 7y agoYes we fall for it. We have people setting up LLCs (essentially"disposable" shell companies) to buy up real estate. Then to avoid real estate taxes they sell the LLC, which avoids triggering a "sale" of the real estate property. This is perfectly legal. Every landlord I've rented from in California has done this.