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Clint Kunz from Anderson Business Advisors warns against using a quitclaim deed to transfer property between yourself and your business entities. Many individuals mistakenly use quitclaim deeds, despite the risks. Using a quitclaim deed to transfer real estate into a limited liability company is a common error, with many individuals admitting to having done so. Quitclaim deeds are popular but should not be used for transferring property to an LLC or corporation.
