Application for Transfer of a Corporate Name - corp delaware 2025

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How to Transfer Ownership of a Corporation Consult your Articles of Incorporation and corporate bylaws. Contact the board of directors or shareholders. Find a buyer. Transfer ownership of stock. Inform the Secretary of State.
Transferring Ownership of a Corporation Corporations are by far, the easiest to types of incorporated structures to transfer, whether this is part or the whole company. As we discussed earlier in this guide, C Corporations have no legal limit on the number or types of shareholders.
The right to the exclusive use of a reserved name may be transferred to any other person by filing in the office of the Secretary of State a notice of the transfer, executed by the applicant for whom the name was reserved, specifying the name to be transferred and the name and address of the transferee.
If there is no shareholders agreement in place, or if the shareholder to be removed hasnt violated company rules, the resolution must pass by a 75% majority vote. Also, the shareholder in question cannot own more than 25 percent of the companys shares.
Transferring ownership in a Delaware LLC can be done through membership interest sales, buy-sell agreements, or inheritance. Corporations require shareholder approval for amendments to the certificate of incorporation when changing ownership.
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To complete a business name change in Delaware, youll need to file a Certificate of Amendment for an LLC or Certificate of Amendment of Certificate of Incorporation for a corporation. This page will help you prepare to fill out and file your amendment.
Here are some ways ownership can be transferred within an S-corp: Issuing new stock shares. You can issues new shares of company stock by by creating a bill of saleBUT make sure youre following the protocols set-out in your Articles of Incorporation. Selling existing stock shares. Through a shareholders estate.

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