Ownership transfers
Stock and membership interest transfers
Ownership changes between partners need to be documented properly and, for a licensed business, reported in the right order.
When owners change
Partners buy each other out, bring in new investors, or pass an interest to family. In a corporation or an LLC that means transferring shares or membership interests, and the company's governing documents often say how it has to be done.
When the company holds a liquor or lottery license, an ownership change usually has to be reported to, and sometimes approved by, the licensing agency. Skipping that step can put the license at risk.
What we help with
Buy-sell and transfer agreements between owners
Share and membership interest assignments and the company records that go with them
Reporting ownership changes to the MLCC and the Michigan Lottery
Operating and shareholder agreement updates when partners come and go
Plan the order of the steps
The agreement, the company records and the license filings need to happen in the right sequence. Call us before the transfer, not after.
This page is general information, not legal advice. Requirements depend on the company and its licenses.
Talk to us first
Before you sign, call us.
It costs far less to plan a deal than to fix it afterward. Tell us what you're working on and we'll tell you what to expect.
Schedule a Consultation500 S. Old Woodward Ave., Second Floor
Birmingham, MI 48009
Have a deal in front of you?
Send us the agreement before you sign, or call 248-948-1500 and tell us what you're working on.