This question jumps into the realm of license laws, but with a little twist. This came up the other day.
Company A owns a 50% interest in Company B. Company B owns a 100% interest in a real estate development. In Ohio, there are license exclusions that allow direct employees of owners of real property to manage without a licence.
Can employees of Company A manage property owned by Company B in Ohio? Can they do it in your state?
The ruling from the court should come in next week. What do you think it should be? Why?
Do you have questions about distressed assets, receivership or bankruptcy sales, auctions? Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.
Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com). The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast.
United Country Gryphon Realty & Auction Career Opportunities Available. Call 614-885-0020 x 17
