<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto">Rob:<div><br></div><div>I can’t tell from the narrative exactly what is being done here. Are these two LLCs with dirt and identical Members wanting to become a single LLC? </div><div><br></div><div>If so, I’ve always done a statutory merger. Then the transaction is exempt from the REET under either the “no ownership change” rule or (as I recall) the “exempt under the IRC” rule.</div><div><br></div><div><a href="https://app.leg.wa.gov/RCW/default.aspx?cite=25.15.416">https://app.leg.wa.gov/RCW/default.aspx?cite=25.15.416</a></div><div><br></div><div>John J. Sullivan<br><br><div dir="ltr">Sent from my iPhone</div><div dir="ltr"><br><blockquote type="cite">On Sep 15, 2021, at 8:11 AM, Rowley, Rob <rob@rowleylegal.com> wrote:<br><br></blockquote></div><blockquote type="cite"><div dir="ltr"><div dir="ltr"><div class="gmail_default" style="font-family:tahoma,sans-serif;font-size:small"><span style="font-size:12pt;font-family:Calibri,sans-serif">Posting for an attorney friend (and also my education).</span></div><div class="gmail_default" style="font-family:tahoma,sans-serif;font-size:small"><span style="font-family:Calibri,sans-serif;font-size:12pt">Also, assume LLC contains dirt.</span><br></div><div class="gmail_default" style="font-family:tahoma,sans-serif;font-size:small"><span style="font-size:12pt;font-family:Calibri,sans-serif"><br></span></div><div class="gmail_default" style="font-family:tahoma,sans-serif;font-size:small"><span style="font-size:12pt;font-family:Calibri,sans-serif">------------------------------</span></div><div class="gmail_default" style="font-family:tahoma,sans-serif;font-size:small"><span style="font-size:12pt;font-family:Calibri,sans-serif">Have you ever transferred an LLC (as a subsidiary) to
a parent company? I haven't.</span><br></div><div class="gmail_default" style="font-family:tahoma,sans-serif;font-size:small">
<p class="MsoNormal" style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt"> </span></p>
<p class="MsoNormal" style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt">What is process / paper trail for that. It would
seem that:</span></p>
<p class="MsoNormal" style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt"> </span></p>
<p class="MsoNormal" style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt"> 1. Current members
of LLC would need to surrender their units to the LLC;</span></p>
<p class="MsoNormal" style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt"> 2. LLC would issue
new Certificate of Units to parent company as sole member of subsidiary;</span></p>
<p class="MsoNormal" style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt"> 3. Amend Op
Agreement to reflect the actions of #1 and #2;</span></p>
<p class="MsoNormal" style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt"> 4. File Amended
Annual Report with SOS to accomplish the same.</span></p>
<p class="MsoNormal" style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt"> </span></p>
<p class="MsoNormal" style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt">Your thoughts </span></p><p class="MsoNormal" style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif"><br></p></div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><p class="MsoNormal"><span></span></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
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