Can an LLC buy property in Florida?
The answer is yes, but the process is complicated and requires legal real estate expertise your Lang Realty agent can provide.
What are Florida real estate LLC requirements?
According to The Florida Bar, “transferring real property into a limited liability company (LLC) is a popular choice among property owners….because LLCs offer several advantages, including liability protection, estate-planning opportunities, and the potential for probate avoidance.” However, property owners have to keep several caveats in mind. For instance, “in Florida, real property loses its homestead status when transferred to an LLC,” The Florida Bar cautions.
There’s no longer “paperwork” involved in Florida LLC real estate requirements. They’re all online now. But before you download an official form, see what Florida’s Department of State has to say about the process: “To create a Florida limited liability company (LLC) or correct your rejected online filing:
1. Review the instructions for filing the Articles of Organization.
2. Gather all information required to complete the form.
3. Have a valid form of payment.
The Division of Corporations uses a 3rd party, NIC Services, LLC dba Tyler Payment Services, to process our credit/debit card payments for Online filings. A confirmation payment receipt will be emailed from noreply@finit.tylertech.com for successful transactions. The biller on your statement will read “NIC DOS DIVISION OF CORP”. Limited Liability Company
