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Single Purpose LLC

By IncNow | Published October 19, 2013

While most LLCs have general purposes that allow the LLC to engage in any purpose authorized by law, some LLCs used for special investor financing, including securitized transactions, have a very specific purpose, such as to just own and manage one defined property. Often lender requirements also put other restrictions on the LLC, such as limitations on the ability of the member to amend the agreement without the lender’s consent.

When deciding where to form your company, consider that Delaware has advantages over your home state that may benefit you. Go