An LLC may become wholly owned by one person when all interests are transferred to a single natural or legal person. The legal form may remain an LLC, but ownership, governance, company documents, and registration details must be updated.
Key legal steps
- Review transfer restrictions and pre-emption rights.
- Conduct legal and financial due diligence.
- Draft the interest transfer agreement and approvals.
- Amend the company document and management powers.
- Register and publish the change through the official channel.
- Update banks, regulators, licences, and affected contracts.
After the transfer
The sole owner should issue written decisions, keep a dedicated register, separate personal and company funds, and review all delegations and signing authorities.
Related guidance
Read our guides to forming a single-owner company, licensing it, and amending company documents.
Note: Requirements depend on the company, activity, documents, and regulators. Obtain advice for the specific transaction.
