Latest Articles from Jeramie Fortenberry
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Tax Consequences of Distributions from LLCs and Partnerships
The tax rules that apply to partnerships and most LLCs are designed to only tax income once, at the owner level.
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General and Limited Partnerships
General and limited partnerships are an older form of doing business. They offer mixed liability protection opportunities and are usually less effective than an LLC.
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Warranty Deeds | What is a Warranty Deed?
A deed is a legal instrument that transfers real estate from one person or organization to another. A warranty deed is a type of deed that both conveys title and guarantees that the title is good and clear of any liens or other encumbrances. As with all deeds, the person transferring the real estate by warranty deed is usually called…
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Quit Claim Deed | What is a Quit Claim Deed?
Deeds are legal forms that transfer real estate from one person or organization to another person or organization. A quit claim deed (also called a quick claim deed or quitclaim deed) is one of several types of deeds. Other types of deeds include warranty deeds, special warranty deeds, and life estate deeds. The distinguishing feature of a quit…
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What is a Deed? Using a Deed to Transfer Real Estate
A deed is a legal document used to transfer real estate. While exact form of a deed will depend on the laws of the state where the real estate is located, most deeds share a set of similar characteristics. Parties to a Deed There will always be at least two parties to a deed: Here…
