Updated about 6 years ago on . Most recent reply

Transfer properties to another LLC
I would like to transfer some properties in one LLC to another. A Title company told me I can transfer properties from one LLC to another by paying a 3% transfer fee + document preparation fees. Option #2 which is less expensive is to transfer from LLC to personal name then transfer to 2nd LLC and this will avoid the 3% transfer fee. Has anyone done option 2 before? Saving money would be great, bit I didn't know if this would increase my liability moving into my personal name for a short period of time? Would love your feedback, thanks!