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Updated over 1 year ago,
Wyoming LLC change ownership
Good evening BP Family
. I recently set up my living trust and my estate planning attorney told me to change my Wyoming LLC ownership. Instead of me and my wife, Trust will be solo ownership.
From my Operating agreement of Wy LLC, there is a section saying that ( Estate Planning Transfer) "
- If both Members die simultaneously or upon the death of the surviving Member the entire business Membership interest shall be transferred to the (trust) dated on xxxx.
aslo there is another section ( Amendment) '
''This Operating Agreement may be amended or modified from time to time only by a written instrument adopted by all the Members and Managers and the Company and executed by all the Members, Managers and the Company.''
My Question will be With these two statements in my OA, Do i still need to hire professional to do the paper work in the state of Wyoming?
much appreciated in advance