Can companies also buy property in New York? A new way in real estate!

Hello everyone,

Today, we’ll briefly talk about what details need to be noted when buying property under a company’s name in New York.

When our office represents buyers, we’ve had many clients who, for various reasons, have chosen to use an LLC or INC to purchase properties. Today, we’ll use an LLC as an example to provide a brief introduction.

First, what documents are required when buying property under a company’s name?

We will need the client to provide LLC formation documents. For example, in New York State, these include:

Articles of Organization

Filing Receipt

In other states, these documents may have different names. These two documents serve as proof of the LLC’s valid formation.

Secondly, we need the client to provide the LLC’s Taxpayer Identification Number, also known as the EIN.

Since the EIN needs to be issued by the IRS, it takes some time to process. Some clients might not have the EIN at the time of signing the contract, but it is fine to provide it at closing. For all-cash deals, if the client wants to close soon after signing, we will need to communicate with the title company in advance.

Thirdly, we require the client to provide the LLC’s Operating Agreement.

This document typically outlines the internal operational details of the company, including its members, its manager, and the structure of the LLC.

Fourth, newly formed LLCs in New York State must meet the publication requirement.

Additionally, many clients are concerned about what to do if the LLC’s authorized signatory cannot attend the closing in person.

In such cases, we can prepare an internal document for the LLC, called a Resolution, to authorize the purchaser's attorney or another person designated by the client to sign the closing documents.

Finally, we will pay attention to whether this purchase involves financing. If a loan is involved, some banks may have specific requirements. Therefore, we recommend that clients confirm their lender’s requirements before signing the contract.

That’s all for today’s introduction. See you next time, bye-bye~

大家好，

我们今天给大家简单聊一下，如果在纽约通过公司名义买房，有哪些需要注意的细节。

我们律所作为买方的律师，其实遇到过很多客户，他们出于各种考虑，采用了LLC或者INC等公司的形式来进行购房的。所以我们今天就以LLC为例，给大家简单介绍。

首先，以公司名义买房会用到哪些文件呢？

我们会需要客户提供LLC的成立文件。以纽约州的文件为例，它包括：

Articles of Organization

Filing Receipt

当然，在其他州，这些文件可能会有不同的命名形式。这两个文件是LLC有效成立的证明之一。

其次，我们需要客户在过户的时候提供一个税号，也就是EIN（Employer Identification Number）。

由于EIN需要向美国国税局提交申请，因此可能需要一定的时间。有些客户在签约的时候可能还没有拿到税号，但只要在过户的时候提供即可。如果是全现金买房，而且客户想要在签约后很快过户的话，我们需要提前与产权公司沟通。

第三点，我们需要客户提供一个LLC内部运营协议，也就是Operating Agreement。

这个文件通常用于规定公司内部运营的一些细节，包括公司的成员、管理人以及公司结构等内容。

最后，在纽约州新成立的LLC公司还需要满足登报通告要求。

除此之外，很多客户可能会关心，如果LLC的签字人无法亲自出席过户，该怎么办？

这种情况下，我们可以为客户准备一个内部协议，也叫Resolution，通过这个文件授权律师或客户指定的其他人来签署过户文件。

最后需要注意的一点是，客户的本次购房是否涉及贷款。如果涉及贷款，有些银行可能会有特定的要求。因此，我们建议客户在签约之前先与银行确认相关要求。

今天的介绍就到这里，我们下期再见！拜拜~

Email: info@zenglawgroup.com

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Phone: 917-810-5388

Website: http://www.zenglawgroup.com

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