Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Legal & Legislation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

137
Posts
102
Votes
Michelle Bright
  • Realtor
  • Chicago, IL
102
Votes |
137
Posts

Moving property to an LLC

Michelle Bright
  • Realtor
  • Chicago, IL
Posted

If I have a LLC that is registered in another state (Indiana) that I want to put a house in Chicago into. Do I need to apply for an Application for Admission to Transact Business to register the LLC in Illinois? Thanks for any help!!

Most Popular Reply

User Stats

715
Posts
547
Votes
Bob Floss II
  • Attorney
  • Northbrook, IL
547
Votes |
715
Posts
Bob Floss II
  • Attorney
  • Northbrook, IL
Replied

@Michelle Bright You received solid advice from @Jeff Copeland. You technically can transfer the property into the LLC and I see it all the time. I would never allow my client to operate without filing to do business within a state. Without submitting yourself to the state jurisdiction, you are not afforded the protections of the state. An good eviction defense attorney could use that as grounds to try to throw out an otherwise valid eviction case.

  • Bob Floss II
  • Loading replies...