How do I change ownership of a corporation in Alabama?

One way to transfer LLC ownership in Alabama is to have the existing members of the LLC buy out the partner who wants to leave. The leaving partner's ownership interest is then split among the remaining LLC members. To handle the transfer of ownership this way, you need to create a buy/sell agreement.

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Agreements - Agreement Forms
Alabama Settlement Agreement CS Docket

Alabama Agreement Form Withdrawal

Name: Alabama Agreement Form Withdrawal
Brand: US Legal Forms
Rating: 4.77 (255 reviews)

Category:

Alabama Civil Procedure - Settlements

State:

Alabama

Control #:

AL-SC-006

Format:

Instant download

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Public form

Description

Settlement Agreement CS Docket, is an official form from the Alabama Administrative Office of Courts, which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by Alabama statutes and law.

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FAQ

The remaining three Illinois, Mississippi and Pennsylvania don't tax distributions from 401(k) plans, IRAs or pensions. Alabama and Hawaii don't tax pensions, but do tax distributions from 401(k) plans and IRAs.

One way to transfer LLC ownership in Alabama is to have the existing members of the LLC buy out the partner who wants to leave. The leaving partner's ownership interest is then split among the remaining LLC members. To handle the transfer of ownership this way, you need to create a buy/sell agreement.

To dissolve your limited liability company in Alabama, you must provide the completed original and two copies of the Domestic LLC Articles of Dissolution form to the Judge of Probate in the county where the original Certificate of Formation was recorded, by mail or in person. The filer's original signature is required.

To withdraw or cancel your foreign Alabama LLC in Alabama, you must provide in duplicate the completed Foreign Limited Liability Company Certificate of Withdrawal form, in duplicate, with the filing fee to the Secretary of State by mail, in person or by fax.

To amend the Certificate of Formation for your Alabama LLC, you'll need to submit a Certificate of Amendment with the Alabama Secretary of State. You'll include three forms totalthe original amendment and two copiesand a $50 filing fee.

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Alabama Agreement Form Withdrawal

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