Ownership of a New York LLC can be transferred by completing and filing a Certificate of Amendment with the New York Department of State.
If you open an LLC in California, the state will also require you to submit an "Application for Change in Ownership" form. You can find this form on the California Secretary of State website under Corporations Forms, or you can consult your lawyer.
Typically, Articles of Amendment include the following information: Entity name and state. Date of amendment. Article number being amended. Statement that the article cited is being amended. Amendment. Statement that other sections of the articles remain in full force and effect. Signatures.
How to Transfer Your New York LLC Interest. You can transfer your New York LLC ownership interest through either a partial sale of just your interest or a full sale of the entire LLC.
To remove a member from your LLC, a withdrawal notice, a unanimous vote, or a procedure depicted in the articles of organization may entail. The member in question of removal may need to get compensated for his share of membership interests.
Articles of Amendment allow you to change your business's name, address, or registered agent without submitting brand-new formation documents. You may need to update your BOI report if your amendment involves certain information, such as the company's name or address.
Can I change my LLC's members or managers with a Certificate of Amendment? No. Member and manager information is considered an internal record maintained by the LLC and is not filed with the New York Department of State.
However, you may need to modify this document a few times as your LLC grows and evolves. This process is known as amending. In California, to amend the Articles of Organization, you need to file Articles of Amendment with the state — paperwork that includes the changes you wish to introduce and the reasons behind them.
Amending the corporation's bylaws or articles of incorporation to reflect changes or actual practices of the business is a great way to keep the business running smoothly.
To make any changes, the LLC must file articles of amendment—also sometimes called a certificate of amendment or a certificate of change—with the state. The articles of amendment document is easy to prepare. Information typically required includes: the business name as it appears on the articles of organization.