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Updated over 3 years ago on . Most recent reply

User Stats

55
Posts
36
Votes
Tim Robinson
  • Realtor
  • Silver Spring, MD
36
Votes |
55
Posts

Anyone have experience dissolving their LLC?

Tim Robinson
  • Realtor
  • Silver Spring, MD
Posted

Hello all, 

I'm looking for a little guidance on something I heard was possible, but need some details and hopefully some experience from fellow investors in this process. I own a building under my LLC, but am looking at options to refinance it by taking our a loan in my personal name. I've heard that it is possible to dissolve the LLC in which you hold the deed to the property, and then "will" it to your family trust. Then you can take out a personal loan and refinance it.

Does that sound right? Is there a simpler way to do this? I figure this is the best place to ask so I look forward to hearing form anyone who has gone through this process!

Thanks in advance,

Tim

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