Legal Question in Business Law in Missouri

Re: Limited Liability Company

The answer to your question will vary depending upon many factors. Usually, depending upon things such as the size of the LLC, the ownership, the assets, the liabilities, the current legal staus, the current financial status, and others, we are able to draft a contract which sets forth the terms of the deal and defines the rights and duties of the parties. If there are "shares" or "certificates" that represent ownership interests in the LLC, then those can be transferred, or redeemed by the company and new ones issued. At the appropriate time the by-laws or other corporate documents may be amended or redone completely. An attorney would need to see all of the existing documentation and interview you in detail regarding the intended transaction prior to being able to provide competent advice or legal service. I can assure you that whatever expense you might incur in having this done properly in the first place will be recouped many times over. I have earned a great deal of money cleaning up the awful messes left behind by people who organized, ran, or transferred businesses without the benefit of legal counsel. You should defintely hire an attorney to assist you and protect your legal interests. Good luck!