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Signature line for corporation when transferring timeshare

Discussion in 'Buying, Selling, Renting' started by funtime, Sep 9, 2017.

  1. funtime

    funtime TUG Member

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    We're transferring a timeshare from a one person corporation. Should the signature line say; Name Inc., President of XYZ Corporation?

    Thanks
     
  2. RX8

    RX8 TUG Member

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    I would put it as:

    ABC, Inc. by John Doe (his signature), President.
     
  3. funtime

    funtime TUG Member

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    Thanks. That makes sense.
     
  4. Caligirlfrtx

    Caligirlfrtx Guest

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    Is it better to put a timeshare into a corp? I'm new.
     
  5. theo

    theo TUG Review Crew: Veteran TUG Member

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    Not necessarily. Some have their own business and / or tax reasons for doing so, but few would form a corporation solely to house timeshare ownerships (unless perhaps willfully seeking to hide behind a LLC "veil" solely in order to avert and avoid personal liability or personal financial accountability).

    Many people choose to have their timeshare ownerships within a Revocable Trust but, once again, there are likely numerous other reasons for having established that Trust in the first place besides merely creating a home for timeshare ownerships.
     
    Last edited: Sep 18, 2017 at 11:46 AM

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