Quitclaim Deed from Corporation to LLC - Wyoming: Fill out & sign online

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the 'Prepared by and, after recording, return to' section with the name, firm/company, address, city & state, zip code, and phone number of the individual or entity handling the deed.
In the 'KNOW ALL MEN BY THESE PRESENTS THAT' section, enter the name of the Grantor (the Corporation) and its state of incorporation. Then fill in the Grantee's name (the LLC) and its state of organization.
Provide a detailed legal description of the property being conveyed in the designated area. If necessary, attach Exhibit A for additional details.
Complete any prior instrument references if applicable, including book and page numbers.
Ensure all signatures are completed at the bottom of the form. The corporation's representative must sign and print their name along with their title.
Finally, have a notarial officer acknowledge the deed by filling out their information and signing where indicated.

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When can a quit claim deed not be used?

You should never use a quitclaim deed when buying property from someone you dont know well or in a regular home sale. Since there are no guarantees with a quitclaim deed, you could end up with a property that has liens, unpaid taxes, or other ownership problems that become your responsibility to solve.

Can you quit claim a property to an LLC?

A quitclaim deed is another type of deed that can be used to transfer property to an LLC. Unlike a warranty deed, a quitclaim deed does not provide any personal guarantee regarding the title or condition of the property. Instead, it transfers the interest or rights the seller has in the property to the buyer (the LLC).

Can you do a quit claim deed to an LLC?

A quit claim deed to LLC transfers property ownership but does not guarantee the property is free from liens or encumbrances. LLCs provide liability protection for real estate owners, but transferring property using a quit claim deed does not remove personal liability from an existing mortgage.

How to file a quitclaim deed in Wyoming?

Wyo. Stat. 34-1-118 requires quitclaim deeds to be filed with the county clerks office in the county where the property is located. Until the grantor completes the filing process, they maintain possession of the property and all associated responsibilities.

What situations could a quitclaim deed not be used?

Yes. California LLC members can sell their ownership interests through either a partial transfer of just your interest or through a complete sale of the LLC. However, any other members in the LLC must agree to the transfer.