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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.

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.

In the State of Tennessee, a quitclaim deed must be either notarized by a Notary Public or signed by the seller of the property in front of two witnesses (§ 66-22-101). Once one of these criteria has been met, the document must be filed with the Register of Deeds Office along with the proper filing fees (§ 66-5-106).

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.

Quitclaim deeds can't be reversed, but a new quitclaim deed can be issued to transfer the rights back.

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.

In order to convey any real property or an interest in property in Tennessee, the deed must be in writing, acknowledged by the grantor, and registered in the county where the property is located. The Annotated Code of Tennessee allows for the transfer of real property through the usage of a variety of deeds.

A Tennessee quit claim deed may be filled out and filed with the Tennessee Register of Deeds in order to transfer a property from a grantor to a grantee. This document must be signed and notarized.