Legal Question in Business Law in Illinois

Depending on the nature of the business, a transfer can be accomplished as simply as drafting an agreement between the parties. If the LLC has holdings in property or other assets the process may be more complicated. Again, depending on the business, the cost could be as little as a few hundred dollars, or it could range into the thousands. You should discuss the specifics of the LLC with an attorney to get a better idea of the details of the process and the expense. Feel free to contact me at [email protected] or via the link below.

The other attorney is right on point. If it is a simple transfer the cost should be nominal. Real estate holdings and other complications would increase the cost. Consult with an attorney in your area for specifics.

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

Franchise Attorney