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Updated 11 months ago,
Am I making it too complicated? Trying to put house in LLC.
Hi all,
I feel like maybe I’m over thinking this….
Last year my wife and I bought a townhouse as an investment to rent out to tenants. I now want put the property in an LLC to protect our liability. I have used a basic registered agent service and set up an LLC. After reviewing the paperwork I realized it is now a partnership LLC (because two people). My CPA confirms it is preferable for simplicity I should only have a single member LLC.
My question is this: which is more hassle?
To move forward with partnership LLC ( being just my wife and I)
Or
Amending my LLC with the state?
- is it a problem to do a quitclaim deed from both of us to myself only in LLC?
As I said, am I overthinking this?
Thank you,
Loren