What document do I need to change who the sole member of an LLC is?

min read
Opinions expressed by Entrepreneur contributors are their own.
The sole owner of an LLC owns 100% of the membership interests of that LLC. What you require is called an assignment, which is a document that transfers the membership interests to you and states the consideration (what you paid in cash or kind) for the interests. You should also check the laws of your state to determine if it requires notice of this change to be filed with the state. Some states require that the names of the owners be listed on the articles of organization, in which case, an amendment to the articles would also be required. You should consult a local attorney familiar with these transactions to prepare the proper documentation.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur