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Yes, you can set up a LLC in the US for purposes of owning the Phillipines condo and renting it out.
After the LLC is set up, you will simply deed the property into the LLC.
do you perform this type of service?
Yes, however, we are not permitted to perform this service for customers of this site. We are only able to provide information. However, I could send you the form if you like, and you can set the LLC up yourself. It's fairly simple, and I could answer any questions you have about the form.
Once the LLC is set up, then you will need a NY licensed attorney to draft the deed to convey the property to the LLC. However, that should be a reasonably inexpensive task, about $100.
Here is the form to fill out and file for the LLC. It includes instructions:
EXcellent! Thank you very much. The thing is, we have another property here in New york also needing to the get transferred (deed-ed?) to the LLC created for it. I would very much like a form that accomplished both. Thank you!
Once it is filled out, you have to send it to the NY Secretary of State along with a $200 filing fee.
This form will only set up the LLC. I can send you a form deed, however, I would strongly advise that you retain a NY licensed attorney to do the deed transfers.
$200 for both, meaning $100 for each LLC. did I get this correctly?
I need a NY licensed attorney for the transfer, and still need to send it to NY Secretary of state? IN other words, do I need to do both or just one or the other?
No, sorry. There are two things you need to do: 1 - set up the LLC; and 2 - deed the property to the LLC. The form I sent you is to set up the LLC. You can do that yourself, but you must send a filing fee of $200 along with the form to the NY secretary of state.
After the LLC is set up, then you need the attorney to convey the property to the LLC via a deed.
That deed goes to your local (county) register of deeds, not to the secretary of state. Does that make more sense?
OK. got that. The deed can only be done by the attorney.
Yes, it makes sense.
You can try to do the deed yourself, but I would strongly recommend using an attorney.
Here is a form for the deed if you wish to try.
Thank you very much.
You are most welcome. Best of luck, and feel free to let me know if you have any additional questions.
Kathie, somehow I am unable to download the form or even print. any holds on the document?
No, there are no holds on the document. It is a link to a site that hosts the document. Which are you having trouble with, the LLC form or the deed form?
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