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One way to transfer LLC ownership in Alabama is to have the existing members of the LLC buy out the partner who wants to leave. The leaving partners ownership interest is then split among the remaining LLC members. To handle the transfer of ownership this way, you need to create a buy/sell agreement.
Go to .sos.alabama.gov and click on Business Services (below the picture), and scroll down to the Name Reservation Menu. Non-subscribers pay a $28 fee with a credit card and receive the reservation by printing it immediately at the end of the process. It will NOT be mailed.
Limited Liability Companies (LLC) If changing entity name, must attach new name reservation certificate. This form can be filled out on your computer and then printed. This form can be filled out on your computer and then printed. If changing entity name, must attach new name reservation certificate.
Complete Articles of Dissolutions Form based on the entity type. Follow the instructions on the form pertaining to the type of entity you are dissolving. Provide any missing returns and payments as determined by ADOR staff, if found not to be in compliance to ADOR. Receive Certificate of Compliance from ADOR.
To dissolve your Alabama corporation, you must provide the completed original and two copies of the Domestic Business Corporation Articles of Dissolution form, to the Judge of Probate in the county where the original Certificate of Formation was recorded, by mail or in person. An original signature is required.
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To dissolve your Alabama corporation, you must provide the completed original and two copies of the Domestic Business Corporation Articles of Dissolution form, to the Judge of Probate in the county where the original Certificate of Formation was recorded, by mail or in person. An original signature is required.
Decide to close a business. Get expert advice. File dissolution documents. Cancel registrations, permits, licenses, and business names. Comply with employment and labor laws. Resolve financial obligations.
How long before someone can take your business name? You have 120 days after the recording of your Articles of Dissolution to file a revocation. After those 120 days your dissolution is permanent and your business name can be taken.

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