Key Takeaways
– It is important to know who owns an LLC when purchasing properties.
– LLCs are commonly used to protect personal assets and obscure ownership.
– State databases can provide information about LLCs registered within the state.
– Finding information about LLCs registered in other states can be more challenging.
– Visiting local county clerk’s or Secretary of State’s offices can provide additional information.
Introduction
When purchasing commercial or residential properties, it is crucial to have a clear understanding of who owns the limited liability company (LLC) associated with the property. LLCs are commonly used by property owners to protect their personal assets and create a barrier between their personal finances and potential liabilities. However, this can make it difficult for others, such as potential buyers or tenants, to determine the true ownership of a property. In this article, we will explore various methods and resources that can help you find the owner of an LLC.
State Databases
One of the primary sources of information for finding the owner of an LLC is the state database. Each state has a Secretary of State or Secretary of the Commonwealth office that maintains a database of registered LLCs. These databases can be accessed through the respective state’s website and provide valuable information about LLCs registered within the state. By searching for the LLC’s name or registration number, you can often find details such as the registered agent, address, and sometimes the owner’s name.
Limitations of State Databases
While state databases are a useful starting point, they have limitations when it comes to finding information about LLCs registered in other states. State databases only contain information about LLCs registered within that specific state. If the LLC you are interested in is registered in a different state, you will need to explore other avenues to find the owner’s information.
Local County Clerk’s or Secretary of State’s Offices
If you are unable to find the information you need through state databases, another option is to visit the local county clerk’s or Secretary of State’s office in person. These offices often maintain additional records and may have access to databases that are not available online. By providing the LLC’s name or registration number, the staff at these offices can assist you in finding more detailed information about the owner.
Availability of Information
It is important to note that not all county clerk’s or Secretary of State’s offices may have the required information. The availability of information can vary depending on the state and the specific office. Therefore, it is advisable to call ahead or check the office’s website to ensure they can provide the information you are seeking before making a trip.
Information Request Forms
In cases where visiting the office in person is not feasible or does not yield the desired results, some Secretary of State’s offices offer information request forms. These forms allow you to submit a formal request for information about an LLC. While this method may take longer than visiting in person, it can still be an effective way to obtain the owner’s information. Be sure to follow the instructions provided by the office and include all necessary details to ensure a prompt and accurate response.
Patience is Key
It is important to remember that obtaining information about an LLC owner can take time. Whether you are visiting an office in person or submitting an information request form, there may be a waiting period before you receive a response. It is essential to be patient and allow the necessary time for the office to process your request and provide the requested information.
Conclusion
Knowing who owns an LLC is crucial when purchasing commercial or residential properties. While state databases can provide information about LLCs registered within the state, finding information about LLCs registered in other states can be more challenging. Visiting local county clerk’s or Secretary of State’s offices in person can provide additional information, but not all offices may have the required information. In such cases, submitting an information request form to the Secretary of State’s office is necessary, although it may take time to receive a response. By utilizing these methods and resources, you can increase your chances of finding the owner of an LLC and make informed decisions when purchasing properties.
