[WSBARP] Transfer to LLC

[Randy Boyer]

Listmates,

Two business partners own in their individual names, as their sole and separate estate, a lot.  They wish to transfer the property into the LLC they are members of.  However the LLC lists their spouses as members as well as the partners.  Will the Department of Revenue assert excise tax is due because the change?  Do I need to first do a deed to the spouses then another subsequent deed to the LLC?

DOR lately seems to challenge exceptions routinely.

Randy
Randy M. Boyer                                                 ______
Attorney, WSBA# 8665
Law Office of Randy M. Boyer, Inc. P.S. 
7017 196th St. S.W.  Lynnwood, Washington 98036
( 425.712.3107|   Fax 425.778.2274
mail to: randyedlynlaw at gmail.com <mailto:randyedlynlaw at gmail.com>
This email is covered by the Electronic Communications Privacy Act, 18 U.S.C. Sections 2510-2521, and is legally privileged.  This email was sent by an attorney or his agent, is intended only for the addressee’s use, and may contain confidential and privileged information.  If you are not the intended recipient, you are hereby notified that any retention, dissemination, reproduction or other use of the information contained in this e-mail is strictly prohibited.  If you have received this email in error, please delete it and immediately notify the sender by reply email.  Thank you for your cooperation.


-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20241030/fe00c2f0/attachment.html>