Hotel Reassessment Invalid When LLC Owning Hotel Sells 100 Percent Membership Interest But No Person Or Legal Entity Obtains More Than 50 percent Interest In The LLC

The rule set out in California Code of Regulations Title 18 Section 462.180(d)(1)(B) provides there is a change in the ownership of real property owned by an LLC, “when any corporation, partnership, LLC, or any person… obtain through multi–tiering,…
By: Kronick, Moskovitz, Tiedemann & Girard