Changing a deed from an individual home buyer to an LLC in North Carolina

In North Carolina, if an individual home buyer makes an offer in their own name, does the contract need to be amended if the buyer wants the deed to be in the name of a new LLC that they are in the process of forming?

Assuming that the individual will be the sole owner of the LLC, and the objective is simply to have the property titled in the name of the LLC, it isn’t necessary to amend or assign the contract.

That’s because new language in paragraph 8(i) of Form 2-T permits the deed to be made not only to the buyer, but also to certain persons or entities other than the buyer, including “a corporation, limited liability company, or other business entity of which Buyer is the sole owner or shareholder.”

So as long as the LLC is in existence at the time of settlement, the attorney who is preparing the deed can show the LLC as the grantee based on the wording of paragraph 8(i).

If there is some other reason why it’s important for the buyer to have the contract amended to name the LLC as the buyer, an attorney should be contacted for guidance on the best way to accomplish this.