Call Us Now: +1 (877) 330-2677 Live Chat: ONLINE NOW            
https://d25eic0jctudgb.cloudfront.net/images/site/general/answers-to-answers-8743d0241f5d8c2c996225efe2063f89
https://d25eic0jctudgb.cloudfront.net/images/site/headlines/articles.jpg-5fa541d76bf4be9016b1176147b3bc96

Purchasing an existing LLC

Asked by: jeraiLyn - 17 October, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 How do I purchase an already existing LLC?
Answered by: Ray Albert - 17 October, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/194.jpg-630c771619e92bede7e6f696b56767b9 Jerailyn,

To purchase an existing LLC you need to have a purchase contract drafted and signed. This is typically done with the help of an attorney.

As far as business filing goes, in those few states where Articles of Organization list members the current managing member of the business would need to file a Certificate of Amendment with the state, removing the current owners and adding you and whatever members you want to be listed on the Articles of Organization.

Once the amendment is filed with the state, you would have to amend the EIN account with the IRS to change the name and social security number on record for the business, followed by an amendment of the company's Operating Agreement to include the new ownership and provisions of the business.

Beyond that, there may be some little changes to be made, such as the name on the company bank account and such.

Comments:

Connect With Us

We Want To Connect With You!

Social Media is increasingly the preferred method for businesses to connect with their clients, peers and customers. We are dedicated to share information and useful tools to help you grow your business.

Like us on Facebook, follow us on Twitter, and let's begin the exchange to Help Grow America One Business at a Time - starting with yours!

https://d25eic0jctudgb.cloudfront.net/images/site/general/payment-methods-footer-052a63251a379d6e5ece1801f07470fc Official PayPal Seal SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment