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To transfer LLC ownership in South Carolina, you must submit Articles of Amendment to the Secretary of State's office. The amendment must indicate the change in ownership, the name and address of the new owner, and the name and address of the LLC.
Without the operating agreement, your state might not acknowledge you as an LLC, which means someone could sue you without there being any shield to protect your personal assets. You've already put in the time and effort to form your LLC to get liability protection.
Is an Operating Agreement REQUIRED in South Carolina? No ? Businesses in South Carolina are not legally required to implement an operating agreement.
The process could look different depending on the policies your LLC has in place, but usually, you'll need to do the following: Draft an amendment. Hold a meeting of all LLC members. Present and vote on the amendment. Adopt the change if a majority of members agree on the amendment. Update your LLC's operating agreement.
To change your South Carolina LLC name, you'll file an Amendment to Articles of Organization form, which costs $110. You can file this amendment online, by mail, or in person.