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All Forum Posts by: Maria Balassone

Maria Balassone has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: Filing as LLC but never changed Deed/Title. Now we're selling.

Maria BalassonePosted
  • Posts 1
  • Votes 0

It's a jointly owned multifamily rental in Westchester County, NY. LLC was created (2 yrs ago) for filing taxes but we never changed the name of the Deed/Title to the LLC name, it's still under our 3 individual names. We're now under contract ready to sell. Should contract be under LLC name or Individual names as it's on Deed? I'm realizing LLC might have been better to avoid NYS non-resident tax (I live in PA)... Can I still do it this way? Def a question for our lawyer... But he's so unresponsive. Any real estate lawyers on here? Thank you

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