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In transferring property into a limited liability company (LLC), the primary mistake to avoid is using a quit claim deed. Unlike other deed forms, a quit claim deed does not provide warranties and fails to effectively transfer ownership. This type of deed signals to third parties that you are still tied to the business structure, even if your name isn’t listed. When purchasing property, a warranty deed is typically received, confirming ownership and responsibilities. Ultimately, using a quit claim deed may limit the acceptance of your property transfer, as only the original owner would typically accept such a deed, potentially complicating future transactions.