Agreement to Sell

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.