Process to move property to LLC without piercing the LLC

[Simon Stahl]

What would be the proper process to purchase a property in my personal name and then move it into an LLC.

My guess would be that first, I'll purchase the property in my own name. All expenses are being payed from my personal bank account. Then I get the loan in my personal name. Still, all money in and out from my personal account. As soon as i got the loan, i move the property to the LLC (assuming the bank is ok with that). From that moment, all expenses and income from that property will go in and out of the LLCs account. The loan would stay in my own name, but payed from the LLCs account. Is that about right? Would that protect the LLC or would it pierce it? What about the insurance for example, that I have to get when purchasing. Would I also have to change the name on the policy or just keep it in my name?