Quitclaim Deed from Corporation to LLC - Oregon 2026

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The document is a Quitclaim Deed transferring property from a corporation to a limited liability company in Oregon. It outlines the terms of the transfer, including consideration paid, encumbrances, and tax responsibilities. The deed emphasizes the need for compliance with land use laws and verification of property status with local authorities before acceptance.

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Click ‘Get Form’ to open the Quitclaim Deed in the editor.
Begin by entering the name of the Grantor (the corporation) and the Grantee (the LLC) in the designated fields. Ensure that both entities are correctly identified as per their legal names.
Fill in the County and State where the property is located, along with a detailed legal description of the property. This information is crucial for proper identification of the asset being transferred.
Indicate any encumbrances on the property, if applicable, and specify the street address of the real property being conveyed.
Complete the section regarding consideration paid for this transfer, ensuring accuracy in monetary terms.
Review and fill out tax proration details as agreed upon by both parties, selecting whether taxes will be paid by Grantor or Grantee.
Finally, ensure that all signatures are obtained from authorized representatives of both entities, including notarization to validate the deed.

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Can you transfer personal assets to a business?

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.

Is a quitclaim deed legal in Oregon?

In Oregon, a quitclaim deed is a legal instrument used to transfer a grantors interest in real property without any warranties of title. This means the grantor does not guarantee that they hold clear ownership or that the property is free from other claims, such as liens or encumbrances.

How to change name on deed to LLC?

Transferring Property to the LLC The deed should clearly state the LLC as the new owner of the property. File the Deed with the County Recorders Office Once the deed is prepared, file it with the county recorders office where the property is located. This officially transfers ownership of the property to your LLC.

How do I transfer assets from sole proprietor to LLC?

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.

Can you quit claim a 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.

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