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Real Estate Transfer Tax in PA - Transferring between LLC'S
I currently own an LLC that owns 3 properties in Philadelphia, and i would like to transfer them to a new LLC that i recently opened, and close the old one due to a new operation that i am putting together.
I would like to know what is the best way to transfer the deed, and if i will need to pay the Real Estate transfer tax
I know that there is a thing called a quitclaim deed, which waives the real estate transfer tax but i'm not sure if a quitclaim deed is the way to transfer property between llc's.
What do you think?