Can my siblings form an LLC without my consent?
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Can my siblings form an LLC without my consent?
My 3 siblings and I recently became heirs/owners of rental property and land. Is
it legal for them to form an LLC without my signature on property am part owner?
Asked on August 10, 2018 under Estate Planning, Louisiana
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
They can form any LLC they like; however, they cannot transfer ownership of the property to it without your consent, since the consent (e.g. signatures) of ALL owners are necessary to transfer real estate. But they could set up an LLC to do other things (e.g. to provide property management or maintenance) or in hopes that you will agree to sell or transfer to it.
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