How to Transfer a Deed to an LLC

By Marie Murdock

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.

Step 1

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.

Step 2

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.

Ready to start your LLC? Start an LLC Online Now

Step 3

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.

Ready to start your LLC? Start an LLC Online Now
Can You Form a LLC With Your Multi-family Property?
 

References

Resources

Related articles

How to Transfer Ownership of an LLC to a Corporation

Limited liability companies and corporations are both governed by state law. LLCs have members who own the company and corporations have shareholder owners. If you are a member of an LLC, you might be able to transfer your ownership interest in the LLC to a corporation. It depends on your state, the provisions of your LLC agreement, and the purpose of the limited liability company.

Why Create an LLC for a Rental Residence?

Many small business owners choose to organize their businesses as limited liability companies (LLCs). The LLC form offers the benefits of limited liability and pass-through taxation like an S corporation but is easier to set up and maintain. If you own rental properties free of liens, you may want to consider organizing each one under an LLC. While not every landlord can benefit from creating an LLC, doing so can provide important protections for your properties and your other personal assets.

Can an LLC Own Vacation Property?

Many people form an LLC to manage their investments or business ventures, choosing to acquire assets in the LLC name. Most, if not all, state statutes provide for real property ownership by LLCs, so unless the company’s own operating agreement prohibits such action, you may form an LLC and acquire vacation property in the company name.

LLCs, Corporations, Patents, Attorney Help

Related articles

How to Buy Properties Using a LLC

For some of the same reasons people have chosen to acquire property in the name of a corporation, they also choose to ...

How to Transfer Property to an LLC

For a number of reasons, you may choose to transfer real estate or other property into an LLC. You may decide to change ...

How to Use an LLC for Vehicle Ownership

A limited liability company, or an LLC, is a business structure that protects the owners, or members, from liability ...

How to Transfer Assets to an LLC

Transferring assets to an LLC, or limited liability company, is not as difficult as you may think. Even though there ...

Browse by category
Ready to Begin? GET STARTED