California LLC Fee when selling a property.

[Kaveh E.]

I am considering forming an LLC just to hold residential real estate for liability protection. I would quit claim a deed from my personal name to the LLC.

-When I sell the property, would I be paying a tax on the profit of the sale (sale price less adjusted basis) AND a LLC fee based on the sale price?

-Would I lose the personal home tax exemption for the $500K of profit on the sale?

-Could I quit claim the deed out of the LLC to my personal name prior to the sale and avoid the above taxes?

Thanks