Legal Question in Business Law in Louisiana
I currently have a 50% ownership of an LLC and would like to sell the half to another party. What is the correct procedure for doing so?
Asked on 11/17/09, 3:27 pm
1 Answer from Attorneys
Adam Lambert
The Law Office of Adam S. Lambert
You just sell it, pretty much the same same as you would anything else. You will need a Sale of a Business contract for you and the buyer to sign. The buyer will then take that document to the Secretary of State, along wiith the revised Articles, and have his name substituted for yours on the incorporation documents. It is a simple process.
Answered on 11/23/09, 9:59 am
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