Deed transfer from C-corp to personal

[Emin T.]

Hi

I want to move a property from my C-corp to my name. 

How to transfer deed? 

Any payments or consideration necessary from me to company? 

Any tax implications? What about depreciation and tax resulting from that (Will my company pay tax because of past depreciation)?

Now if this was a profit transfer from company to me, I would have to pay tax. But when it is property what changes?

Thank you

[Jerry W.]

@Emin T., we do not have enough information to help you.  There are many things to consider.  Is the corporation use a Sub S election?  Are you the only shareholder?

You need to have a corporation meeting, you need to have minutes, you need to have a sale price you need to have terms.  It needs to be an arms length transaction.  The number one way to pierce the corporate veil is to treat company property like your personal property.  Transfer a valuable property to yourself for free and you might as well collapse your corporation and hold everything in your personal name, you no longer have any liability protection.  It will be deemed to be your alter ego.