ready29003
Junior Member
What is the name of your state? Washington State
Suppose I own 100% of the ownership units of an LLC.
The LLC operating agreement says ownership units can only be sold and transferred with majority consent. I am the majority, so I can sell if I want to.
What are the legally acceptable ways to sell ownership units?
If I run into someone who wants to buy 40% of the units for $200,000 can I just sign a sale agreement and it is done?
Could I just go on Ebay and auction off 40 ownership units?
Could I put out a press release, contact me if you want to buy ownership units?
Could I put an announcement on my website saying, contact me if you would like to buy ownership units?
Lastly, if I do sell ownership units, do I need to notify the Secretary of State of change of ownership of the LLC?
Thanks you!
Matt
Suppose I own 100% of the ownership units of an LLC.
The LLC operating agreement says ownership units can only be sold and transferred with majority consent. I am the majority, so I can sell if I want to.
What are the legally acceptable ways to sell ownership units?
If I run into someone who wants to buy 40% of the units for $200,000 can I just sign a sale agreement and it is done?
Could I just go on Ebay and auction off 40 ownership units?
Could I put out a press release, contact me if you want to buy ownership units?
Could I put an announcement on my website saying, contact me if you would like to buy ownership units?
Lastly, if I do sell ownership units, do I need to notify the Secretary of State of change of ownership of the LLC?
Thanks you!
Matt