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When transferring property into a limited liability company (LLC), a common mistake is using a quit claim deed. This type of deed lacks warranties and does not effectively transfer ownership, which can create complications. It signals to third parties that the individual behind the LLC is still involved, even if their name isn't directly on the deed. Unlike quit claim deeds, warranty deeds provide assurance of ownership and protect both parties in the transaction. It's important to recognize that using a quit claim deed may limit the acceptance of the deed by others, as it does not convey the same legal protections and guarantees as a warranty deed.