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When transferring property into a limited liability company (LLC), a common mistake is using a quitclaim deed. This type of deed does not provide any warranties regarding the property’s title. Consequently, it signals to third parties that the owner is still personally liable, undermining the benefits of the LLC structure. In contrast, a warranty deed offers better protection and assures buyers of the title's legitimacy. Therefore, when deeding property into an LLC or land trust, it's essential to avoid quitclaim deeds and use warranty deeds to ensure proper legal transfer and to maintain the intended protections of the business structure.