Title Conversion From LLC to Personal

[Richard Thomson]

Hello! I attended a couple of property workshops a few years back where the "gurus" emphasized the importance of holding properties under LLC to minimize the risks of losing your other assets in case someone or some tenants decide to sue you for damages.

I have since experienced the inconveniences and expenses in holding these properties under an LLC. To cut the story short, I have some questions I hope my seniors here would be able to help me:

1) If I were to quit rent the properties currently titled under an LLC to me personally, what are the costs/expenses involved?

2) What is the procedure of closing down an LLC?

3) Any other tax issues?

Thank you very much,

Richard Thomson