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Updated almost 16 years ago, 02/12/2009
Buying a property with your LLC
Hey everyone, I'm curious what the actual process is for this. Do you go to the bank and get financing for your LLC (to purchase a property) and then sign a personal guarantee? Or can you get financing yourself and just transfer (sell) the asset to your LLC?
Or can you do all of the financing in your personal name and if you rent it out require the renter make the check to the LLC?
Would any of these completely void your LLC status?