Posted on: 07th Sep, 2009 06:23 am
Can you use a gift deed to transfer real property to a corporation...?
Hi,
It is quite possible to transfer a piece of real estate property to a corporation using a gift deed. However, there should not be any money transaction involved in it, because no money is exchanged when a property or something is gifted.
It is quite possible to transfer a piece of real estate property to a corporation using a gift deed. However, there should not be any money transaction involved in it, because no money is exchanged when a property or something is gifted.
Yes, it happens regularly, such as where a land owner donates a property to charity through a non-profit corporation, or donation of property to a municipal corporate entity, or less often where the founder of a company donates property to capitalize a new corporation.
Yes.
As you can gve your land to charity.
Same is concept with gift deed.
For the purposes of deeds, a limited liability corporation is treated the same as an ordinary corporation, and can be either the Grantor or the Grantee.
As you can gve your land to charity.
Same is concept with gift deed.
For the purposes of deeds, a limited liability corporation is treated the same as an ordinary corporation, and can be either the Grantor or the Grantee.