1031 exchange - Contributing property to multi member llc

[Jonathan Jacobsen]

What are the rules for contributing a property into an LLC after the transaction is complete?

I have a rental property that I will be selling that is owned personally. I will be exchanging this for another property that will be purchased personally. Can I then contribute the property into an LLC with other partners or do I need to hold the property in my personal name for a seasoning period? 

The other member of this LLC owns the other portion of the property personally and we would like to both contribute our properties into one llc for liability purposes but I do not want to run afoul of 1031 rules.