How to transfer property from personal name to LLC

[Adelaide Ning]

Hi BP Community,

I purchased a SFH in Michigan a few years ago in my personal name before forming an LLC. I recently got approval from the mortgage company to transfer ownership of the property to my LLC. How do I do this though? Do I need a quick claim deed and/or lawyer? Can someone walk me through the steps?

[Chris Seveney]

@Adelaide Ning

Why are you doing this? Having it in a LLC adds expenses to you for what benefit?

You are most likely not getting any asset protection by transferring it at a non arms length transaction meaning your LLC is not buying it (recommend asking an attorney)

Save your $ and get a good insurance policy.