Recent content by Gretchen

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    Partnership for rental income

    Thank you for your help. The bank got back to us (after we provided our Partnership Agreement) and stated that since they couldn't see the "Articles of Organization", they can't accept our documents. So they might be closing our account. I think we just need to find a bank that has a clue about...
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    Partnership for rental income

    Thank you - and apologies - to respond to the pronouns usage: yes, the partnership is my husband and his two siblings. I am not named but am trying to help from the sidelines (“we”). To open the bank account, we submitted the partnership agreement. The bank we used was just purchased so we think...
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    Partnership for rental income

    My husband and 2 siblings inherited farm land in Iowa. We established a Partnership (with the help of a Lawyer in Iowa) so that we could then set up a formal Lease between the Partnership and the Farmer who maintains and farms the land. The lease set up requires him to pay us Rent twice per year...
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