Adding and Removing LLC Members or Corporate Shareholders
As business opportunities come and go, you need the flexibility to organize
your company in a manner that best fits your needs. One important way
this can be done is adding and removing members or shareholders. There
are different requirements for each class (members or shareholders). An
experienced business law attorney can help guide you through this process.
Adding or removing members from an LLC is typically governed by the documents
created when the LLC was formed (and any amendments that occurred since
formation). If the formation documents are unclear, there are statutory
rules that apply and one of our experienced Scottsdale business law attorneys
will answer any questions you have.
In publically traded companies, corporate shareholders may be added and
removed through traditional stock purchases and sales. However, privately
held companies are governed by different rules. Privately held companies
may also fall under state and federal securities laws.
There are many important things to consider when adding or removing members
or shareholders to your company. If you are considering making changes
to your LLC membership or corporate shareholders, contact the experienced
business law attorneys at Owens and Perkins, P.C. at 480.630.2464 to schedule
a free 1/2 hour consultation, or
Owens and Perkins, P.C. has been recognized as one of the top law firms
in Arizona by Arizona Business Magazine, Martindale Hubbell and Ranking
Arizona. Let our professional, experienced business law attorneys help
you. Call us today.