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Account Closed
  • PA
168
Votes |
339
Posts

Transfer taxes and changing name of limited partnership

Account Closed
  • PA
Posted

I wish to change the name of a Limited Partnership that owns a number of my properties. By doing so, will I need to do title transfers on all the properties owned under the original name to the new name? In other words, will I to pay closing fees, transfer taxes, etc. for each of the properties? 

As an alternative, can I sell the existing LP to the new one? Are there consequences?

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