Section 121 capital gains exclusion eligibility if LLC?

[Christine Mauro]

I lived in a condo from May 2011 until August 2015. Then I moved and turned it into a rental property. I am planning to switch the condo to an LLC for liability protection -- but now I wonder if that is the best strategy. Considering that the condo has appreciated significantly since purchase, my understanding is I am eligible for capital gains exclusion under section 121 if I sell before August of 2018, having lived there for 2 of the past 5 years. The appreciation is on the order of a couple hundred thousand dollars since I bought.

But if I convert to LLC and the condo is no longer titled in my name, does that render me ineligible for capital gains exclusion when I sell? If so, that could be a costly mistake.