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Under Revenue Procedure 2000-37, title to a relinquished or replacement propertyreplacement property may be “parked” with an Exchange Accommodation TitleholderExchange Accommodation Titleholder (EAT) until the taxpayertaxpayer is able to sell the parked property to an unrelated party as part of a regular forward 1031 exchange1031 exchange . When the reverse exchangereverse exchange involves the parking of a replacement property...

Denver, CO – August 19, 2019 Accruit, a national leading qualified intermediaryqualified intermediary and back-office managed service provider of 1031 like-kindlike-kind exchanges announced multiple board appointments today. Joseph C. Lane, who has been on the board of directors at Accruit since September 2007, accepted a new role of Chairman of the Board of Directors.

Denver --  Accruit, LLC announces today that it has divested its ownership and the use of the name and mark PaySAFE. Should Accruit choose to offer future transactions similar to those previously provided under the PaySAFE name, those transactions will be managed under the mark and name of Accruit or other entity not utilizing the name PaySAFE.

In our fourth and final installment of our continuing series on entity selection for owning real estate, we will address the business and tax law considerations concerning limited liability companies.

What is a Limited Liability Company?

Limited liability companies (LLCs) are the most popular choice of organizational form because of the inherent flexibility in most state statutes that enhances the ability of the entity to adopt features that best serve its objectives. LLCs are a very common choice for owning real estate because of their tax treatment, limited liability and flexibility in allocating power structure and management responsibilities.

The best way to understand the unique features of an LLC is to distinguish it from the other entities we’ve discussed in Parts I – III in this blog series. The principal...