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.
Mesa Arizona Quitclaim Deed from Corporation to LLC
Category:
State:
Arizona
City:
Mesa
Control #:
AZ-012-77
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Arizona Quitclaim Deed From Corporation To LLC?
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FAQ
Can an LLC Get a Mortgage? Yes, you can get a mortgage for an LLC property and it's also a relatively simple process. The registration process is straightforward in most states, but the exact steps and fees vary from state to state. In most cases, you can get it done in a few days.
To form an LLC, you file articles of organization with your state's business filing office. In Arizona, that would be the Arizona Corporation Commission. Then, as an owner, you'll be referred to as a ?member,? and invest money or services in your LLC and in exchange for a percentage ownership.
A quitclaim deed is one of the common options to transfer ownership of a property in Arizona. Quitclaim deeds can be used in a variety of situations to legally transfer property to a trust, co-owner, or different ownership structure.
How much does it cost to form an LLC in Arizona? The Arizona Corporations Commission charges a $50 fee to file the Articles of Organization. It is an additional $35 for expedited processing.
How Do I Transfer Title of a Property From a Person 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.
An Arizona quit claim deed is used to transfer property from one person (grantor) to another (grantee) without any warranty as to whether the title is clear. In other words, the person transferring the property is not making any warranties against other claims to the property from others.
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.
Though processing times vary depending on the number of pending applications, it generally takes a little under two months to process an LLC registration in Arizona. Most applicants report the process takes 50 ? 55 days. If time is of the essence, you can pay an additional fee for expedited processing.
AZ Quit Claim Deed: $150, Prepared by a Licensed Professional.