Transferring property between LLCs w/ same owners.

[John Anderson]

My partner and I own a fully paid off property in an LLC. The LLC is incorporated in NC, but the property is located in South Carolina.

We would like to create a LLC in South Carolina and transfer the property from the current LLC to this new one. The ownership interests in both LLCs are the same.

Are there any transfer taxes or reassessments that we should be aware of? I’m hoping this would be a smooth process but any guidance would be greatly appreciated.