Quit Claim Deed to an LLC

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Kelli

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Post Posted: Fri Mar 23, 2007 5:28 pm    Post subject: Quit Claim Deed to an LLC
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Can you quit claim deed your home to your business, an LLC?
Gruen

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Post Posted: Fri Mar 23, 2007 5:38 pm    Post subject:
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Hi Kelli,

You can transfer property into name of LLC. For that on the quit claim deed you will be named as the grantor and need to put the name of LLC as the grantee.
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carnahandavid




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Post Posted: Fri Mar 23, 2007 5:55 pm    Post subject:
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Like Gruen said, you can transfer the home in the name of LLC you have created. Many people do create a LLC and transfer their property into its name as it is one of the common ways of asset protection.

After completing the quit claim deed, you will have to get it notarized and recorded with your local county recorder's office. You can do all this by yourself but I would suggest you take help of an attorney to complete this process.

David
D. Olian

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Post Posted: Fri Mar 23, 2007 6:19 pm    Post subject:
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Quote:
Can you quit claim deed your home to your business, an LLC?

kelli, i would like to know if there is a mortgage on the home...
wotm

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Post Posted: Fri Mar 23, 2007 7:40 pm    Post subject:
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yes kelli, if there is a mortgage then you need to talk to lender first before quit claiming the home into the LLC.
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