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Updated almost 7 years ago on . Most recent reply
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Title - LLC transfer
My business partner and I are buying a rental property (2bd/1ba) in Michigan. We’ve also formed an LLC in the same state. We’ve been preapproved for conventional financing. Because our LLC is new, we’re using personal financing.
When do we transfer the title to the LLC so that we protect the liability of our assets?
Thanks
Most Popular Reply
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We're using conventional financing for the property. Our realtor suggested to file a quitclaim deed within 30 days of the closing date.
I also found this online:
https://www.legalzoom.com/articles/how-do-i-transf...
Hope it helps those interested in the thread: @Larry Douglas @Ken T.