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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal>Clients entered into P&S agreement, entailing construction of new home. NWMLS form used, which precludes assignment unless seller agrees. Construction of home turned out to be a difficult process, with numerous issues turning up. Long story short, I will make certain neither party sees the other at the escrow office when the sale closes. Now for my question: clients, who entered the P&S agreement as a marital community, have been advised by their tax lawyer that it would be preferable to form an LLC to take title to the property. I am thinking the easiest way to accomplish this is to simply have clients assign their interest in the property at the time of closing, after seller has executed closing documents and the P&S agreement is satisfied, but before the deed is recorded. Transfer taxes should not be an issue, and all obligations under the P&S agreement would be completed. Am I missing anything?<o:p></o:p></p></div></body></html>