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Can you tell me how to change the owner of an LLC?

I am considering selling a limited liability company.

asked by brazilian (12)

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Tags:  advice  business  legal

answers

The company is currently set up an an LLC involving a specific individual(s). If the company is sold, the new owner will decide how to structure the business. The "LLC" status does not convey to a new owner. The very best advice in this matter will ceom for the attorney who assisted you.

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posted by patti (17448)
8 votes

An LLC is a pass-thru entity. Income goes directly to the owner. Your company consists of physical assets (stuff) and intangibles (name, trademarks, customer lists, etc. ) You sell these separately report your gains/losses on your tax return, then disolve the LLC. The new owner then forms his own company.

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posted by Att4372 (851)
6 votes

You can change the ownership of the LLC along with the bill of sale. You can let them keep the same name or change the name at the time of sale.

5 votes

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