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Yes, you can sell your property to your Limited Liability Company (LLC) as long as the transaction is conducted at fair market value and complies with all legal requirements.

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AnswerBot

5mo ago

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Related Questions

Can I sell my rental property to my LLC?

Yes, you can sell your rental property to your LLC.


Can I sell my house to my LLC and rent it back from the LLC?

Yes, you can sell your house to your LLC and then rent it back from the LLC. This arrangement is known as a sale-leaseback transaction and is a common practice for individuals looking to transfer ownership of their property to a business entity while still retaining the right to occupy the property as a tenant.


Can a LLC buy property in California?

Yes, an LLC or Limited Liability Company may hold entities such as property.


Can personal property be placed and protected IN an LLC?

Can a LLc protect personal dept?we have (3) propertys in a LLC can that be protected?


What are the pros n cons in holding property in a llc versus holding a property in a trust?

The best way to do this is to form an LLC with the trust as the sole member of the LLC, this creates a layer of liability protection for the trust.


Can I transfer my deed to my LLC?

Yes, you can transfer the deed of your property to your Limited Liability Company (LLC) by executing a deed transfer from yourself to the LLC. This process typically involves filing the necessary paperwork with the appropriate government office and updating the property records to reflect the new ownership under the LLC.


Can an LLC use an FHA loan for purchasing a property?

No, an LLC cannot use an FHA loan for purchasing a property. FHA loans are typically only available to individuals, not to businesses like LLCs.


What is a good name for an LLC formed to do sales only for a property management firm?

I work for a corp/llc document filing service and have noticed that our real estate investor clients who form multiple LLCs often name each LLC with the address of the specific property, e.g., "123 Whatever Street 15 LLC". Good luck with your investments.


Does an LLC sell shares or membership units?

It sells membership units.


Who owns the property of a llc?

A Limited Liability Company is a form of business that combines elements of both corporate structure and partnerships. It owns property like a company in the name of the LLC. Generally, an LLC owns real property that generates profits such as apartments, shopping malls or businesses. The owners are called members and each owns a share in the profits. Purchasers of property owned by an LLC will require a Certificate that confirms the legal existence of the LLC and a Certificate that identifies the member who is authorized to sign deeds.LLCs are treated differently under various state laws. Each member's interest in the LLC is considered to be personal property. States give creditors various rights. In some states a judgment creditor can step into the shoes of a member and take their share of the profits. Some states allow a forced sale of the LLC property to satisfy a debt.Your state laws should be carefully reviewed to determine the rules that govern LLCs.


Is a llc in one spouse name considered community property?

depends on the state


How do you sell an LLC?

Ebay or through specialized companies that transfer title of companies.