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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.

A Tennessee quitclaim deed form transfers the current owner's entire interest in the property with no warranty or covenants of title. The new owner (the grantee) receives whatever ownership interest the current owner (the grantor) can legally transfer.

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.

One good reason to add a spouse to the deed of your home is for estate planning purposes, which may allow the property to transfer to your spouse outside the probate process, depending on the transfer language utilized in the granting clause. Another reason is for creditor purposes.

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 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.

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.

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).

Sole Ownership in Tennessee Tennessee does not recognize community property, homestead, or dower and curtesy. This means that spouses can buy, sell, or own property without the involvement of the non-owner spouse. The only exception to this is when using a deed of trust.