Something seems strange.....

NDSportsman

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What is "Have only positive expectations LLP" and why do they own land in ND?

Anyone else peruse some of the online land postings and find some odd owners/posters?
 


Skullet

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Our office works with hundreds of farmers spread out from Sutton all the way to the Montana border. I work with the owners of many of these “odd” named entities.
A landowner is advised by an attorney or financial planner to put their land into a LLC or partnership of some sort and all of a sudden these guys need to come up with a name. Some of them have really made me scratch my head.
 

Allen

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Skullit nailed it. They can basically name it whatever they want so long as the ND Secretary of State OK's it. You do see a lot of family names in the LLLPs and LLCs, but it's not a requirement.
 

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