Legal Question in Business Law in Georgia

If he agrees, you see a lawyer and have him draft proper paperwork.

If he doesn't agree, unless your LLC has provisions to liquidate (in which case a lawyer can help ypou follow those), you can't.

Depending on the terms of your company operating agreement (or similarly titled document), you can use a fairly simple membership interest transfer agreement.

If you would like to discuss any issues further, please feel free to contact my office. The link to my contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

The other attorneys are right on point here. Consult the LLC's operating agreement for any specific procedures or requirements that must be followed for a transfer. Follow these in your contract of sale. If you are listed in any public records, make sure these are changed to reflect the new owner. Consult with an attorney in your area for specifics.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney