Can a quit claim deed be made on a business that is incorporated. My f ather left his business to me and I?

Question

no nothing about it. I want his employees to have the business

Answer 1

A quitclaim deed transfers whatever you currently own to whoever it is being given to. This is opposed to a warranty deed, which makes certain guarantees as part of the property ownership transfer.

If the business is incorporated, most of the real property assets (and any other assets, for that matter) will be owned by the corporation. So, the corporation would need to execute the deed to transfer the property it owns. The corporation would still exist, but the assets would now belong to someone else.

Ownership in the corporation itself is not real property, so it would be handled by contract and transfer of stock, rather than by deed. So, transfer of the stock would transfer control of the corporation, and with that control over any assets owned by the corporation.

Remember that corporations exist as separate legal entities, and the directors of the corporation are merely agents of that entity. So, it's important to distinguish between property owned by an individual, property owned by a corporation, and ownership of the corporation itself. All three follow different rules and procedures.

Whenever you are involved in a complex legal transaction, you should consult with a licensed attorney.

Answer 2

Depending on what state you live in the Articles of Incorporation have to be changed to list you as the owner and operator, or manager... etc.
Then you can figure out how to break the ownership down to who you want to own it.

A Deed is for property, you may want him to do that also, is he owns the property the business is located.