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To remove a member from your LLC, a withdrawal notice, a unanimous vote, or a procedure depicted in the articles of organization may entail. The member in question of removal may need to get compensated for his share of membership interests.
It costs $50 to change your LLC name in Illinois. This is the filing fee for the Articles of Amendment form. The fee is the same whether you file the form online or by mail.
4 Ways To Transfer Business Ownership Sell the Business. Selling your business is the most common way to transfer ownership. ... Add New Partners or Reapportion Ownership. ... Lease-Purchase. ... Transfer the Business via Gifting or Bequeathing. ... Limited Liability Company. ... Sole Proprietorship. ... Corporation. ... Partnership.
You amend the articles of your Illinois Corporation by submitting in duplicate the BCA 10.30, Articles of Amendment form by mail or in person along with the filing fee to the Illinois Secretary of State.
If you sell your entire LLC, paperwork must be filed with the Secretary of State using form CBS-1 within 10 days of the sale. Partial ownership transfers will be recorded on the LLC's next annual report.
It costs $50 to change your LLC name in Illinois. This is the filing fee for the Articles of Amendment form. The fee is the same whether you file the form online or by mail.
To purchase a copy of a corporation's Articles of Incorporation, please visit the Illinois Secretary of State Department of Business Services website - - and scroll to the section titled Obtain a Corporation Annual Report or Articles of Incorporation.
How to Transfer Ownership of a Corporation Consult your Articles of Incorporation and corporate bylaws. ... Contact the board of directors or shareholders. ... Find a buyer. ... Transfer ownership of stock. ... Inform the Secretary of State.