Quitclaim deed from corporation to llc tennessee form
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-------- Above This Line Reserved For Official Use Only-------------Name:
Firm/Company:
Address:
Address 2:
City, State, Zip:
Phone:
QUITCLAIM DEED
(Corporation to LLC)
KNOW ALL MEN BY THESE PRESENTS THAT:
FOR VALUABLE CONSIDERATION OF TEN DOLLARS ($10.00), and other good and
valuable consideration, cash in hand paid, the receipt and sufficiency of which is hereby acknowledged,
______________________________ , a Corporation organized under the laws of the state of
______________________ , hereinafter referred to as “Grantor”, does hereby demise, release, and forever
quitclaim unto ______________________________ , a Limited Liability Company organized under the
laws of the state of _______________ , hereinafter “Grantee”, the following lands and property, together
with all improvements located thereon, lying in the County of ______________________ , State of
Tennessee, to-wit:
Describe Property of State "SEE DESCRIPTION ATTACHED"
LESS AND EXCEPT all oil, gas and minerals, on and under the above described property owned
by Grantors, if any, which are reserved by Grantor.
SUBJECT to all easements, rights-of-way, protective covenants and mineral reservations of
record, if any.
TO HAVE AND TO HOLD same unto Grantee, and unto Grantee’s heirs and assigns forever,
with all appurtenances thereunto belonging.
The source of title in Grantor(s) is by ______________________ deed recorded in the office of
the Register of Deeds in Book ______ , at page ______ , Instrument Number ______ , of
______________________ County, Tennessee.
IN WITNESS WHEREOF, this deed was executed by the undersigned on this the ____ day of
__________________ , 20 ___ .
- Quitclaim Deed - Page 1 -
{Name of Corporation}
__________________________________
BY: {Type Name]
TITLE: {Title with Corporation}
STATE OF ______________________
COUNTY OF ______________________
Before me, __________________________________ of the state and county mentioned,
personally appeared __________________________________ , with whom I am personally acquainted
(or proved to me on the basis of satisfactory evidence), and who, upon oath, acknowledged such person to
be president (or other officer authorized to execute the instrument) of
_______________________________________________ , the within named bargainer, a corporation,
and that such president or officer as such __________________________________ , executed the
foregoing instrument for the purpose therein contained, by personally signing the name of the corporation
as __________________________________ .
Witness my hand and seal, at office in ________________ , this _______ day of _________ .
______________________________
Notary Public
Printed Name: ______________________
My Commission Expires:
______________________
Grantor(s) Name, Address, phone:
Grantee(s) Name, Address, phone:
SEND TAX STATEMENTS TO GRANTEE
- Quitclaim Deed - Page 2 -
Maximum principal indebtedness for Tennessee recording tax purposes is ______ .
(On amendments or modifications, enter ONLY the amount of INCREASE, if any.)
State of ______________________
County of ____________________
I/we hereby swear or affirm that the actual consideration for this transfer or the value of the property
transferred, whichever is greater, is $ ______ , which amount is equal to or greater than that which the
property would command at a fair and voluntary sale.
Subscribed and sworn to before me
This ______ day of __________________ , 20 ______ .
____________________________
Affiant
_______________________________
Type or Print Name
(Seal) _____________________________
Notary Public
My commission expires:
______________________ _______________________________
Type or Print Name
- Quitclaim Deed - Page 3 -
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A Quitclaim Deed From Corporation To LLC in Tennessee is a legal document that allows a corporation to transfer its ownership interest in a property to a Limited Liability Company (LLC). This type of deed is often used when changing the entity of ownership or restructuring assets. It is important to ensure that the deed complies with Tennessee state laws to avoid any legal issues.
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Using a Quitclaim Deed From Corporation To LLC in Tennessee offers several benefits, including a straightforward way to transfer property without extensive legal formalities. It can help in asset protection and may provide tax benefits under certain circumstances. Moreover, it allows for a smooth transition of ownership while minimizing costs associated with property transfers.
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