1031 when buying an LLC

[Amod Karve]

Is it possible for a seller to do a 1031 exchange when they sell an LLC with real estate assets in it (without selling just the assets themselves). We're looking at a situation where it would be tax-advantageous for us to buy an LLC (unit sale) vs purchasing just the assets within an LLC. However, since the seller wants to do a 1031 exchange, I'm wondering if would be possible for them to do so (to buy real estate or perhaps another LLC that has real estate in it).

If you know someone who is experienced in this kind of thing, would love to connect and talk more. Thanks!