Step by step guide on how to set up an LLC and transfer your house to a business. Using an LLC can have tax advantages and protect you from liability. But it doesn't change your mortgage if you purchased the home under your name.
Related and new video based on a lot of questions regarding transferring a mortgage to your LLC and "should you tell your bank?" Check it out here: [ Ссылка ]
0:00 Intro
1:59 How to set up an LLC
3:38 How to get a EIN or federal tax ID
5:12 Transferring property to your LLC with a Quit Claim Deed
7:19 Recording the LLC as the new owner with your county
8:49 How to find out who owns a property online
9:38 Your mortgage liability after you transfer ownership
11:44 Commercial loan vs residential loan
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