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In this video tutorial, the speaker discusses how to sell or transfer an LLC (Limited Liability Company) to another individual or entity. The speaker highlights that a member of an LLC is akin to a shareholder in a corporation, indicating ownership, while a manager is comparable to a CEO, responsible for running the business. The transfer process can involve transferring membership to another person, a living trust, an asset protection trust, or even another company. Additionally, the speaker notes that a member and a manager can be different individuals, emphasizing that one does not need to be a member to serve as a manager.
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