How To Distribute Shares In LLC

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How To Distribute Shares In LLC
How To Distribute Shares In LLC

Video: How To Distribute Shares In LLC

Video: How To Distribute Shares In LLC
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The distribution of shares in a limited liability company (LLC) usually occurs in one of the following ways: the share of one participant is acquired by another or distributed among all other participants in the LLC. In both cases, it is necessary to comply with the statutory algorithm for the distribution of shares.

How to distribute shares in LLC
How to distribute shares in LLC

Instructions

Step 1

If one of the members of the LLC intends to sell his share to any of its remaining members, it is necessary to notify them of this. Prepare a notice for the members of the LLC and the LLC itself that you are selling a share, indicating the size of the share, its price, and other terms of the transaction. Often in the charter of an LLC, a provision is fixed according to which it is also necessary to seek the consent of other participants.

Step 2

Wait for the consent of the participant who wants to purchase your share. It must be done in writing. After that, the share is alienated under the share purchase and sale agreement. It is drawn up in simple writing. An essential condition of this agreement is its subject - the share itself, so your task is to detail it as much as possible, otherwise the agreement may not be concluded. Indicate the name of the LLC, the size of the share, its par value. It is also important to indicate its price in the contract. After the conclusion of such an agreement, it remains only to register the transfer of the right to a share in the Unified State Register of Legal Entities - the Unified State Register of Legal Entities. This is done by submitting a set of documents to the tax office.

Step 3

To register changes to the Unified State Register of Legal Entities, prepare the following documents:

1.form R14001;

2. constituent documents (charter);

3. contract for the sale and purchase of a share (other documents on the transfer of a share, depending on the case);

4. certificate of registration;

5. certificate of tax registration;

6. documents for founders and general director.

In some cases, other documents may also be required.

Step 4

It so happens that a member of an LLC leaves the company and sells his share to him. In this case, he must draw up a statement of his withdrawal and demand the payment of the value of the share. The share is distributed among all other participants. If you find yourself in such a situation and are one of the participants of the LLC, take care of holding a general meeting at which a decision is made on the distribution of the share of the withdrawn participant. If you remain the only participant, then, accordingly, the share is completely transferred to you. After making such a decision, register the changes in the Unified State Register of Legal Entities.

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