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Updated almost 4 years ago,

Marcus Filsac's profile image
Marcus Filsac's profile image
Marcus Filsac
  • Member since Mar 5, 2021
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Marcus Filsac's profile image
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Marcus Filsac
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Marcus Filsac
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Tax, SDIRAs & Cost Segregation

Gifting a car to someone's LLC

Marcus Filsac
Posted

My uncle is gifting me his used car. I'd like to transfer it straight into my recently formed single-member LLC. Is it OK to do so or do I have to first transfer it under my personal name and then into my LLC? If I can transfer the title straight to my LLC, is the process any different? I'm in California. Thanks

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