People often form an LLC or limited liability company to protect their personal assets from attachment. If you own commercial or rental property, your attorney may advise you to deed that property into an LLC. If you own the property in your own name and are married, you may consider forming the LLC with your spouse, other investors or family members since you may have less asset protection under a sole-member LLC.
Fit your business needs with the right LLC package
Form the limited liability company according to the requirements of your state. Many secretary of state websites have the formation documents available with instructions on how to complete the forms and method for payment of fees and costs. Contact an attorney if you are uncomfortable forming the LLC yourself or need legal advice regarding the implications.
Prepare or have your attorney prepare a warranty deed, making sure the names of all grantors or persons deeding appear correctly in the deed along with each person's marital status if required by state statute. The name of the grantee LLC should match the formation documents. The legal description of the property should match that contained in the prior deed to assure that the property is conveyed correctly.
Sign the deed along with any other grantors or owners of the property in the presence of a notary public who should acknowledge your signature with a proper form acknowledgment. Record the properly signed and notarized deed in the real property records in the county or jurisdiction where the property is located to perfect the title transfer in the real property records.