Sell / transfer ownership in a Texas LLC when there is no formal operating agreement in place?
Even though there is no operating agreement in place, you can assign/sell your interest in the LLC to the other member with the proper documentation.
Hutto, TX
Contracts and agreements Lawyer at Hutto, TX
Practice Areas: Contracts & Agreements, Corporate & Incorporation ... +2 more
Even though there is no operating agreement in place, you can assign/sell your interest in the LLC to the other member with the proper documentation.
More than likely based upon what the current LLC agreement states about amending the agreement.
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