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 an LLC registered in another state can be challenging.
– Visiting local county clerk’s or Secretary of State’s offices can provide more information.
Introduction
When purchasing commercial or residential properties, it is crucial to know who owns the limited liability company (LLC) that holds the property. LLCs are a popular choice for property owners as they provide liability protection and help separate personal and business assets. However, this can make it difficult for potential buyers or tenants to determine the true ownership of a property. In this article, we will explore various methods and resources to find the owner of an LLC, both within and outside of your state.
Using State Databases
One of the first places to start your search is the Secretary of State or Secretary of the Commonwealth website for the state in which the LLC is registered. These websites often maintain databases that contain information about LLCs registered within the state. By searching for the LLC’s name or its registered agent’s name, you may be able to find details about the company, including its address and the names of its owners or members.
Limitations of State Databases
While state databases can be a valuable resource, they have limitations. They only provide information about LLCs registered within the state, which means that if the LLC you are interested in is registered in another state, you may need to explore other avenues. Additionally, the information provided in state databases may vary. Some states may only provide basic information, such as the LLC’s name and address, while others may offer more comprehensive details, including the names of the owners or members.
Visiting 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 records related to business entities, including LLCs. By requesting access to these records, you may be able to find more detailed information about the LLC, such as its ownership structure and any associated documents, such as operating agreements or articles of organization.
Availability of Information
It is important to note that not all county clerk’s or Secretary of State’s offices may have the information you are seeking. The availability of LLC records can vary from state to state and even within different counties. Some offices may have comprehensive databases, while others may only provide limited information. Therefore, it is advisable to contact the office beforehand to inquire about the availability of LLC records and any specific requirements for accessing them.
Submitting an Information Request Form
If visiting the local county clerk’s or Secretary of State’s office is not feasible or does not yield the desired results, you may consider submitting an information request form to the Secretary of State’s office. Many states provide a specific form for requesting information about an LLC. This form typically requires you to provide details about the LLC, such as its name and any known addresses. Once submitted, the Secretary of State’s office will process your request and provide you with the requested information, if available. However, it is important to note that this process may take time, and there may be fees associated with the request.
Conclusion
Knowing who owns an LLC is essential when purchasing commercial or residential properties. While state databases can provide valuable information about LLCs registered within the state, finding information about an LLC registered in another state can be more challenging. Visiting local county clerk’s or Secretary of State’s offices in person can provide additional information, but it is important to note that not all offices may have the required information. In such cases, submitting an information request form to the Secretary of State’s office may be 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.
