Darren A. asked
How can my husband transfer ownership of an LLC in Michigan that he is the sole member of, has no operating agreement, and has never conducted any business activities, to his son? Will a simple sale agreement for $1 be sufficient, and does it need to be filed with the state? Additionally, will this transfer absolve my husband of any future liability if his son uses the LLC for business transactions such as loans?
November 4th, 2023
Claudia P. answered
To transfer ownership of the LLC, your husband can draft a simple bill of sale stating that he trans...
November 4th, 2023
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