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Transferring Ownership in an LLC When the ownership transfer is a sale of the LLC, a buy-sell agreement may be necessary. An operating agreement should specify the process for ownership transfer, but if it doesn't, you must follow state guidelines. Under some circumstances, the state may require you to form a new LLC.
Provide an original and two copies of Domestic Business Corporation Amendment to Formation/Articles form, to the Judge of Probate in the county where the original Certificate of Formation is filed, by mail or in person, with both the filing fee and recording fee. An original signature is required.
How to Order a Certified Copy of Articles of Organization or a Certified Copy of Articles of Incorporation from Alabama Secretary of State By Phone: Call (334)242-5324 and request your certified copy. ... By Email: ... By Mail: ... By Fax: ... In Person: ... Counter Service: ... Expedited processing: ... Normal processing:
PURPOSE: In order to amend a Limited Liability Company's (LLC) Certificate of Formation under Section 10A-5A-2.02 of the Code of Alabama 1975, this Certificate of Amendment and the appropriate filing fees must be filed with the Office of the Secretary of State.
An LLC name change in Alabama costs $132. This is the total filing fee. First, you'll file a new Name Reservation Request, which costs $28 online. After this is approved, you'll pay $104 to file the Alabama Certificate of Amendment online.
One way to transfer LLC ownership in Alabama is to have the existing members of the LLC buy out the partner who wants to leave. The leaving partner's ownership interest is then split among the remaining LLC members. To handle the transfer of ownership this way, you need to create a buy/sell agreement.
If you are merely changing the mailing address or a location address, log into your My Alabama Taxes (MAT) account and click on the blue ?Address? hyperlink midway the page and follow the prompts. A web request will be sent to the Entity Registration (ERU).
The process of adding a member to a Alabama LLC may involve amending the company's articles of organization to include the new member. Depending on the terms in the agreement, current LLC members may need to vote on it for the amendment to pass.