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

Answer by  patti (29325)

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.

Answer by  Att4372 (1704)

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.

Answer by  Dean (4035)

If you own a company that is an LLC and you sell that company outright, the LLC is dissolved. The new owner of the business may incorporate as he or she sees fit. The current structure of the business as you have set it up does not transfer with the sale of the sale of the business.

Answer by  Esme (535)

If your LLC consists of other members, then ownership can be changed by selling it to other members or by contracting to sell to other members. It can be done by selling the assets or selling to a third party. In-case of dispute approach Court to change the ownership.

Answer by  amtcura66 (1340)

You are not going to sell it. If you were then you would remember how you changed it from when you got it. If you couldn't remember, then at least you would know.

Answer by  Christian9247 (5042)

LLC is a pass through company where as funds go right from it to the owner's own funds. You need to transfer the LLC certificate to another name.

Answer by  businessman (17)

Go to a lawyer or attorney and have him do the paperwork for a legal transaction of the company. Then have both parties sign the agreement and exchange mediums of value.

Answer by  tamarawilhite (17883)

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.