I want to sell my LLC to another person
Full Question:
Answer:
Typically, the approval of the other members must be received to transfer shares in an LLC. If there is a buy-sell agreement, the terms must be complied with.
A Certificate of Termination is filed to terminate an LLC. The termination fee is $20, payable to “Secretary of State.”
Before filing, check the Corporations Division web site to make sure the LLC is in “active/compliance” status. If the posted status is “active/noncompliance,” go to the “file annual registration” link and file the registration before submitting the termination document. An entity must be current to terminate. Registration submitted online before 4 p.m. will update the entity overnight.
Prepare a “Certificate of Termination” in the format below and mail it, along with the filing fee, to: Corporations Division, 315 West Tower, #2 Martin Luther King, Jr. Drive, Atlanta, GA 30334.
The effective date of the termination will be the date the document is received by the Corporations Division. The processing time varies from two to eight days depending on workload; a certificate of termination will be mailed upon completion.