General Landlording & Rental Properties

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Johnny Dlcrz
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Do you need to transfer property to llc name?

Posted Jan 17 2022, 18:29

Hi , I have two rentals I own right out. one is a house with land and the other is a mobile home on leased land in a very good location . I just created an llc for these properties per my accountants recommendation he also suggested I transfer the properties from my personal name to the llc name. I had really just created the llc for tax purposes and to keep my personal finances apart from my business finances. Do you really need to transfer to llc name ? I’m located in SC if that helps 

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