The change of participants in a limited liability company (LLC) can be carried out by selling a share to a third party. Such a transaction is carried out according to the procedure established by law and is subject to notarization. Information about the change of the participant is entered into the Unified State Register of Legal Entities (USRLE).
Instructions
Step 1
Make sure that the charter of the LLC provides for the possibility of selling a stake in the LLC to third parties. Sometimes members may not include such an option in the charter. In this case, you will be able to sell your share only to other members of this LLC or the LLC itself.
Step 2
The members of the LLC have a pre-emptive right to purchase a share in it. Arrange a notification procedure by the participant selling the stake in the LLC, other participants and the LLC itself. He must notify them in writing by sending an offer, which will indicate the price of the share and other terms of sale. Within 30 days, they must accept the offer (i.e. accept the offer) or refuse it by submitting the refusal in writing.
Step 3
Having received a refusal from other members of the LLC and the LLC itself, a participant who wants to sell his share to a third party has the right to find a buyer and make a deal. The transaction is made in the presence of a notary, so arrange for the seller and the buyer of the share to visit the notary. The seller and the buyer of the share must have with them passports, constituent documents of the LLC, an extract from the Unified State Register of Legal Entities, notifications of other participants of the LLC and the LLC itself and refusals, consent of the spouses to buy (sell) the share. In some cases, other documents may also be required, so it is better to first consult with a notary.
Step 4
After the notarization of the transaction, you can consider the transaction completed. Next, you will need to make changes to the Unified State Register of Legal Entities, which is done by the notary himself within three working days from the date of the transaction certification. Thus, you just have to control this procedure.
