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Updated about 2 years ago on . Most recent reply

User Stats

137
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102
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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

716
Posts
549
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Bob Floss II
  • Attorney
  • Northbrook, IL
549
Votes |
716
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
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