closed llc

1 Reply

Specifically, can a closed LLC be owner of record on a deed?

I'm about to purchase a building that has the LLC as the owner, but the LLC was closed in 2013? This is in Washington state if that matters.

Thanks for the help

Probably a closed LLC can be if the LLC owner continues to pay all of the expenses. I would want title insurance though in a transaction. If you are the buyer, the seller must sign title documents on behalf of the LLC, and if the LLC does not exist, I think questions could remain as to the legitimacy of title.

I suggest you raise the issue with whatever escrow title person you are using.  The seller will probably have to deed the property to themselves or some other entity who can sign a legitimate grant deed over to you.