Corporate v. Individual Ownership

[jacques]

My wife and I are soon to be "new members." We own a small LLC and I was wondering if ownership, as will be refleced on our deed, is limited to individuals or if corporate memberships are accepted by Disney? I don't see why there woudl be a restriction, but thought I would ask to be on the safe side.

 

[JimMIA]

I am pretty sure my guide told me that some of their larger memberships (2000 points) were corporate memberships used for employee incentive programs, etc. I'm not sure what the advantage of titling it to an LLC would be. You'd have to check with your lawyer or tax advisor.

 

[spiceycat]

I was told in 1993 that DVC would not sell to a corporation - but I have now heard they have changed their minds.

so just call your guide and check.

 

[greenban]

I own 830 points as a corporation, a sub-S corp. Since I already had my corp in place, I didn't go the LLC route, which is very similar.

So yes, Disney will sell to a corporation. I am the listed owner/member on the ID cards, but all the paperwork is in the corporate name.

I originally bought to 'reward' long-term employees with a week at Disney on their 5th aniversary. (Unused points would be rented or given as a 'reward' to my family).

I bought two resale contracts, loaded with at least two years worth of points, and had almost 1900 points to rent, bank or lose, and I rented them all in a matter of days!

I also have one SSR contract, with the annual pass bonuses, and I am currently considering either a WVL resale (cheaper than a Disney add-on) or a SSR add-on with the new 100 point promotion.

Again all will be corporately owned.

My accountant (verg aggressive, but still legal) has 'masterminded' the buying, evaluation trip, and corporate management of these assets, all with a very gratifying bottom line.

-Tony

 

[castleri]

Do you have any openings at your place of business? Where I work long term is 25 years and they let you pick a gift worth about $100 from a catalog.