Adding and Removing LLC Members or Corporate Shareholders

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 click here.

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.

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