How To Transfer Assets To Your LLC

How can I transfer my assets to my LLC?

Probably a good example of how to transfer an asset into an LLC is if you had a, an apartment complex that you went out and bought as an individual and then all of a sudden, you realized you wanted to put that into a limited liability company, you know, so you could keep it separate from your personal finances and also so you could keep it separate so if anyone sued you, one of your tenants, that your own personal home wouldn't be, you know, up, up on the chopping block. Then the way that you would typically do that is you would contribute that asset to the limited liability comapny and in return for that contribution you would receive some sort of shares or membership interest in the limited liability company. The thing that you need to be very careful with is sometimes what assets you contribute, how much it is, what you're getting back versus what other people are contributing with money, and in certain cases you might want to talk to a tax professional about bulk sales laws because if you, you know, take, you know, a large amount of items and essentially sell them to your company, you can trigger some of those laws. They're very complex and they don't trigger most of the time, but it is a possibility that you would want to think through with your lawyer or your tax planner.