I have an out of state LLC, and it owns 3 properties in that state. I want to start anew in Florida. Can I just deed the properties from the out of state LLC to the Florida LLC? Would I need to deed them "out" of that state, and then into FL? How can I record the deed?
Real Estate Attorney
Just because you are moving to Florida does not necessarily mean that you have to dissolve you old non-Florida LLC and transfer its out of state property to a Florida LLC. There could be good reasons to leave the ownership of the property unchanged. If you are making the change to avoid claims of creditors, it will not work. You should consult an experienced business lawyer to help you decide on the right structure for your Florida business and the best way to deal with your out of state property.
Disclaimer: This answer is provided for informational purposes only, does not constitute legal advice, and does not create an attorney-client relationship. Actual legal advice can only be provided after completing a comprehensive consultation in which all of the relevant facts are discussed and reviewed.
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