This Quitclaim Deed from Corporation to LLC form is a Quitclaim Deed where the Grantor is a corporation and the Grantee is a limited liability company. Grantor conveys and quitclaims the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
Simi Valley California Quitclaim Deed from Corporation to LLC
Category:
State:
California
City:
Simi Valley
Control #:
CA-012-77
Format:
Word;
Rich Text
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FAQ
A quitclaim deed to LLC is actually a very simple process. You will need a deed form and a copy of the existing deed to make sure you identify titles properly and get the legal description of the property.
Transferring your property to an LLC is usually achieved by filing a quitclaim deed, a general warranty deed, or some other kind of deed to facilitate a transfer of the property from you to your LLC. Otherwise, as you acquire property, it can be directly purchased in the name of your LLC.
Avoiding Personal Liability This is the major advantage of an LLC. You want the best option for limiting your personal liability should an unforeseen circumstance arise relating to your property. LLCs provide that protection.
Here are eight steps on how to transfer property title to an LLC: Contact Your Lender.Form an LLC.Obtain a Tax ID Number and Open an LLC Bank Account.Obtain a Form for a Deed.Fill out the Warranty or Quitclaim Deed Form.Sign the Deed to Transfer Property to the LLC.Record the Deed.Change Your Lease.
In the quitclaim deed, the owner of the property will be designated the ?grantor,? and the LLC will be designated the ?grantee.? Have the deed notarized once it is completed. Submit the new deed, with the title and the Declaration of Value, to the county office where the property is located in Florida.
Here are eight steps on how to transfer property title to an LLC: Contact Your Lender.Form an LLC.Obtain a Tax ID Number and Open an LLC Bank Account.Obtain a Form for a Deed.Fill out the Warranty or Quitclaim Deed Form.Sign the Deed to Transfer Property to the LLC.Record the Deed.Change Your Lease.
Complete the Quitclaim Deed Identify the property on the quitclaim form by providing the APN along with other property details, including the city, county and legal property description. Copy the description provided on the current deed if available. The quitclaim deed lists the legal name of the grantor on the form.