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Commonly Asked Questions about Deed Transfer to LLC

Transfer fee ($. 50) + Conveyance Fee (. 04% or $4.00 per every $1000 of the purchase price or min. $4.00 whichever is greater).
What many dont realize is that this due on sale clause can be triggered by an investor transferring the property from his/her individual name to an LLC, which would render the entire mortgage amount due.
Under Ohio Law, all real estate transfer documents must be presented to the County Auditor prior to being recorded. The Deed Transfer Department transfers the owners name and address on the real estate tax list and duplicate.
If the property has appreciated in value, a capital gains tax might apply. However, if the LLC is a single-member entity classified as a disregarded entity for tax purposes, the transfer generally has no immediate tax consequences.
Transfer Deed to LLC The current owner of the property simply signs a warranty deed to transfer the real estate property to the LLC. Once the deed is signed in front of a notary, the deed needs to be filed in the county clerks office of the county where the property is located.
Transferring real property from individual to LLC in Ohio You will need to draft a new deed reflecting the transfer from the individual owner to the Limited Liability Company. You will then need to obtain a Statement for Reason for Exemption From Real Property Conveyance Fee from the county auditor.
The transfer of ownership of an Ohio LLC is accomplished by filing the appropriate articles of amendment with the Ohio Secretary of State. Depending on the nature of the transfer, the articles may need to be accompanied by additional documents.