Change your Company's Ownership

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Change your Company's Ownership:

• The ownership of a Company often changes over the life of the Company. In order to notify the Secretary of State of the change the company's ownership name for a corporation, limited liability company, partnership or simliar entity the company generally needs to file the appropriate document with the Secretary of State's office in the Company's home state.

If the company is also doing business in other states in addition to its home state, the company is also generally required to file this change of ownerhip information with the other states.

• Requirements to Change your Company's Ownership:

• A Corporation, limited liability company, partnership and other entities can generally notify the Secretary of State of the change in the Company's ownership in its home state provided that:

►The Company is in good standing with the Home State (taxes and fees paid and annual reports filed)

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• The Common reasons and benefits of a Changing a Company's Ownerhip are:
  

►To add additional key personal to operate and/or run the Company

►To raise capital by the sale of stock

►To remove owners who are retiring or no longer actively involved in the Company