Amendment filing for ownership change

Navigating ownership changes for your US business requires careful attention to state regulations and internal procedures. Whether you operate an LLC or a corporation, amendment filings may be necessary, depending on your entity type, state laws, and governing documents.Key compliance steps include:

Navigating ownership changes for your US business requires careful attention to state regulations and internal procedures. Whether you operate an LLC or a corporation, amendment filings may be necessary, depending on your entity type, state laws, and governing documents.Key compliance steps include:

Review & Approval

Consult your operating agreement/bylaws and state law to understand approval processes and amendment requirements. Obtain and document all necessary internal approvals (e.g., member consent, board resolutions).

Prepare & File

Complete the appropriate state amendment form, ensuring accuracy with your legal name and file number. File with the Secretary of State and retain confirmation.

Update Records

Beyond state filings, update internal documents (operating agreement, ledgers), IRS records (e.g., Form 8822‑B), bank accounts, licenses, contracts, and insurance. 4. Tax & BOI: Be aware of potential tax consequences and consult a tax advisor. Verify current Beneficial Ownership Information (BOI) reporting requirements with FinCEN, as rules have recently changed.Avoid common errors by using the exact legal name, verifying signature/notarization requirements, and keeping internal approvals on file. State requirements vary significantly, so always check your Secretary of State's website for specific forms, fees, and documentation.For a comprehensive guide, including state-specific details and templates, read our full blog post on Amendment Filing for Ownership Change.