Warranty Deed from two Individuals to LLC - New Mexico 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the names of the Grantors in the designated fields. Ensure that both individuals' full legal names are accurately provided.
  3. In the Grantee section, input the name of the LLC receiving the property. Make sure to include 'Limited Liability Company' and confirm that it is organized under New Mexico laws.
  4. Fill in the legal description of the property in Exhibit A. This should detail the exact location and boundaries of the land being transferred.
  5. Complete any prior instrument references if applicable, including Book, Page, and Document numbers from previous records.
  6. Specify how taxes will be handled for the current tax year by selecting one of the options provided.
  7. Both Grantors must sign and date the document at the bottom. Ensure that their printed names are also included for clarity.
  8. Finally, arrange for a notary public to acknowledge signatures as required by law in New Mexico.

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Methods for Transferring Personal Assets to an LLC There are three primary ways to transfer assets to an LLC: Contribution: You can contribute personal property as a capital investment. This is common for startup assets and often does not trigger immediate tax consequences. Sale: You may sell the asset to the LLC.
Buying out an LLC member Usually, this departing members share is then bought out by the LLC, and often, the transfer also must be approved by other LLC members. If your operating agreement doesnt specify the change of ownership process, you must turn to your states law for guidance.
If the deed is a transfer of community property, both spouses must sign the deed, even if only one spouse is named as the owner. A quitclaim deed costs $25 to file at the county clerks office in addition to any costs associated with the notary public. There are no transfer taxes for deeds filed in New Mexico.
Once you form your LLC, you must transfer any business assets from your sole proprietorship to the LLC itself. This is normally done by creating and signing an LLC Operating Agreement. The Agreement is a contract between you and the LLC, in which you exchange assets for your membership interest.
Follow these steps to transfer property to LLC business structures. Make sure your LLC is registered. Review the property title and LLC operating agreement. Draft a deed of transfer. docHub and file the deed. Notify your mortgage company. Update tax records. Transfer utilities and insurance. Plan for tax complications.
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People also ask

Failing to Verify the Titles Condition. One of the biggest mistakes people make when using a quitclaim deed is assuming that the propertys title is free and clear. A quitclaim deed transfers ownership, but it does not guarantee that the property is free from encumbrances such as liens, judgments, or unpaid taxes.
You dont always need a lawyer to write a warranty deed. If no money is being exchanged, you can use a property deed service. If youre selling a property, however, its a smart move to contact a lawyer, escrow company, or title company.

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