I represent an LLC that owns the mineral rights to a property in Montana. The royalties received do not typically cover the expenses associated with LLC, therefore we are looking to dispose of the rights and close the LLC. All of this leads me to several questions:
- How would we go about gifting the mineral rights to the current property owner?
- Is this a sound decision or would it be better to sell them?
- How would we go about selling the mineral rights if that is the best option?
- Who should I contact to discuss these options?