Q: I want to put a boat to LLC, but do not have one and time line is tight.
Can I file for LLC and buy/place the boat into LLC in the documents without waiting for LLC to be finalized ?
Nick, San Diego
A: Until the LLC's Articles of Organization are filed with the California Secretary of State, the LLC does not legally exist and is not legally able to own either real or personal property. Creating a LLC can be a short process. The California Secretary of State's Sacramento Office provides 24 hour filing for Articles of Organization for an expedited fee of $500.00. See: http://www.sos.ca.gov/business-programs/business-entities/preclearance-expedited-services/
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