Q- Can an investor sell upto but not exceeding 5 properties on contract without a license? A- Yes, in Indiana, as of 2012. 5 is fine. 6 is prohibited. In response to the August 2011, federal changes to the HUD SAFE Act rules, Indiana changed its rules. Additionally, the Indiana General Assembly changed the Indiana […]
5 Essential Lease Terms
If you are a landlord or property manager, your lease is a critical component of your business operations. You should be careful not to rely on pre-printed leases or downloaded forms. Standardized lease agreements are not guaranteed to fit your particular needs, and what may work in California may not be enforceable in Indiana. As […]
Indiana Series LLC- Myths and Realities
The Indiana Series LLC is so new that the rules, regulations, processes and law on this new business model are incomplete and undecided. Because Indiana only adopted a law permitting the Series LLC effective January 1, 2017, there will be legal and tax issues that will not be answered for years. While it may become […]
DO I NEED A REAL ESTATE LICENSE
Certain activities involving real estate DO require a license. The question is what activities performed by whom. In order to determine when and for whom a license is required, we turn to state statutory law. Because I only practice law in Indiana, I’ll use Indiana’s statutory scheme as an example. Research the statutory law in […]
5 Reasons Why You Should NOT Use the Internet as a Substitute for an Experienced Lawyer
A few times each month, the attorneys at GRIFFITH LAW GROUP must explain to a client that the blog article the client read on the Internet inaccurately describes the law as it applies to that client, or that the blog article or e-Book fails to address all the elements of a claim or defense, and […]
Transfer on Death Deeds in Indiana
In 2009, Indiana passed the Transfer on Death Property Act, which gave Indiana real property owners the ability to designate (but not complete) the transfer of real property to a beneficiary upon the owner’s death without the need for the probate process. The owner retains absolute control of the property during his or her lifetime. […]
Our Virtual Law Office
Sometimes, you just need an Indiana legal form, without a lawyer’s help. IndianaVirtualLaw is the website name for the virtual law offices of Griffith Law Group LLC, an Indiana law firm. Through our Virtual Law Office, our law firm provides cost-effective and efficient, limited legal services pertaining to Indiana, Immigration, and federal Trademark Law. Limited […]
Transferring Money to and from Your LLC
Small business owners often make the mistake of “co-mingling” business and personal finances. For example, small business owners frequently will use a single credit card to make both personal and business purchases. Or, a small business owner might pay a personal debt with a business bank account check, or vice versa. While these transactions may […]
A Checklist for Maintaining Your Corporate Veil
We were recently asked to start writing articles for LegalZoom on important real estate, estate planning, and business law topics. Below is a link to an article we wrote regarding the importance and ways of maintaining the “corporate veil” of a limited liability entity, such as a corporation, LLC, Limited Partnership or Limited Liability Partnership. […]
5 Reasons Why We (Attorneys) Love LLCs
The attorneys at GRIFFITH LAW GROUP form limited liability companies (LLC) more often than we form any other entity, because of the flexibility afforded by the LLC. An LLC is not always the best entity choice for our clients, and there are limited circumstances when a different entity structure would be better. However, as a […]