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<p class="MsoNormal"><span style="font-size:12.0pt;color:blue">Think about creating a LLC and then merging the corp with the LLC, or converting the corp to an LLC.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:blue"><o:p> </o:p></span></p>
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</span></i></b><b><i><span style="font-size:18.0pt;font-family:"Bella Donna";color:blue">Dawes<o:p></o:p></span></i></b></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:blue">Spokane, WA 99207-2317</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:blue"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>PrestonFoskey<br>
<b>Sent:</b> Friday, January 23, 2015 9:05 AM<br>
<b>To:</b> WSBA Real Property Listserv<br>
<b>Subject:</b> [WSBARP] Transfer of commercial property from corporation to LLC<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Listmates:<o:p></o:p></p>
<p class="MsoNormal"> 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.<o:p></o:p></p>
<p class="MsoNormal"> 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?<o:p></o:p></p>
<p class="MsoNormal"> Thanks in advance.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><i><span style="font-size:16.0pt;font-family:"Cambria","serif"">Preston L. Foskey</span></i></b><b><i><span style="font-size:16.0pt;font-family:"Informal Roman"">,
</span></i></b><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">Attorney at Law<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">WSBA # 12509<o:p></o:p></span></p>
<p class="MsoNormal"><b><i><span style="font-size:14.0pt;font-family:"Cambria","serif"">Preston L. Foskey, P. S.<o:p></o:p></span></i></b></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">8248 East D Street<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">Tacoma, Washington 98404-1042<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">Phone: 253.535.5829 Fax: 253.535.9391<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">E-Mail:
<a href="mailto:preston@plfps.comcastbiz.net">preston@plfps.comcastbiz.net</a><o:p></o:p></span></p>
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