Agreement to Sell
Many limited liability companies have a change in ownership at some point during the life of the business.
Ownership changes happen for a variety of reasons, including:
- A member decides to leave the company
- The existing members want to bring in a new member
- A member dies, becomes disabled or divorces
- You decide sell the entire business
The procedure to transfer Limited/ownership depends on whether you’re transferring the whole business or only changing the names and percentage ownerships of the members—such as when you take on a new member or buy out a departing member.
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