[WSBARP] Transfer of commercial property from corporation to LLC

[Jeanne Dawes]

Think about creating a LLC and then merging the corp with the LLC, or converting the corp to an LLC.

Jeanne

Jeanne J. Dawes
Attorney at Law
Gore & Grewe, P.S.
103 E. Indiana Avenue, Suite A
Spokane, WA 99207-2317
Voice:  509-326-7500
Fax:      509-326-7503
jjdawes at goregrewe.com<mailto:jjdawes at goregrewe.com>
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From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of PrestonFoskey
Sent: Friday, January 23, 2015 9:05 AM
To: WSBA Real Property Listserv
Subject: [WSBARP] Transfer of commercial property from corporation to LLC

Listmates:
                Client has small family corporation that owns real property with small apartment complex.  Client wants to form LLC and transfer real property from corporation to LLC.
                Will client be required to pay excise tax on transfer from corporation to LLC when owners of corporation are same individuals as members of LLC?
                Thanks in advance.

Preston L. Foskey, Attorney at Law
WSBA # 12509
Preston L. Foskey, P. S.
8248 East D Street
Tacoma, Washington 98404-1042
Phone:  253.535.5829  Fax:  253.535.9391
E-Mail:  preston at plfps.comcastbiz.net<mailto:preston at plfps.comcastbiz.net>

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