Properties in 1 LLC (spouse) need transfer to new individual LLCs

[JP Christopher]

Hi Everyone.  First question on BP so hoping some of you can shed some light and advise us in the right direction.  Here's hoping everyone's families are safe and doing as well as we all can, all things considered.  

When my domestic partner and I recently got into real estate, we set up a couple LLC's but ultimately 1 LLC bought the properties we currently own. She is the sole member of that LLC. Though we understand that some investors have one LLC for many, others have one LLC for each property. And then others do a hybrid of maybe 1 LLC for a couple rentals and maybe another for some rehabs they are working on.

There were reasons we felt this was the best way to get us started, but looking back, we probably should have structured our business differently. I am now looking to quickly and effectively transfer most of these vacant properties from her sole member LLC into newly created LLC's in the name of each property. I would be the sole member of these LLC's.

The new LLC's are being created as I type and our thoughts would be to quickclaim each property out of the current LLC into their new respective LLC. We will then have all new LLC's just owning one property each. Which makes the most sense right now based on current situations. We have never processed a quickclaim though we know it's extremely common, and we know exactly where the recorders office is in city hall.

Given what you have read above, and considering you were in this situation trying to achieve the same results, is there anything we are missing or that you would love to share. As for the field on a quickclaim stating the "sale amount" obviously we aren't looking at this like investor A is selling to investor B....but rather a more suitable setup and restructure....so how would you treat the "sale field amount" if you were transferring to new LLC's between you and your spouse/partner?

If it helps in any way, we are located in Missouri.  We are trying to move on all this this week, so we can't thank you enough for reading this and sharing any personal experiences/ideas.  

Be safe everyone.  JP

Though I have never processed a quickclaim,