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No, you will have to file a new Articles of Organization and setup a new LLC.
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wag1, a private unlimited company, erm Bangladesh biman McDonald's is not a private company, but traded on the New York Stock Exchange...Sandy's Hamburgers on Barton Springs in Austin, TX is a private company, but probably with limited liability, not unlimited....
Limited company formation is the process of forming a limited company. A limited company is a company (usually a new company) that is organized for owners having limited liability.
All businesses which are in the form of company or corporation having limited liability. Limited liability means that if business become insolvent the creditors of business cannot claim the property of shareholders without their investment in the business to fulfill his damages.
A good limited liability corpaoration would be one that is liscensed and insured. Read all customer reveiws on different companies that you can to help in the decision as this is a relatively new legal service.
1) The company has a legal existence separate from management and its members (the shareholders) 2) Members' liability is limited 3)New shareholders and investors can be easily acquired
A private limited company (Ltd.)
A Limited Liability Company, or an LLC, is a relatively new business structure, that first appeared in Wyoming in 1977, and is now recognized by every State's statute and the IRS. An LLC is neither a partnership nor a corporation, but a distinct type of business structure that offers an alternative to those two traditional entities by combining the corporate advantages of limited liability with the advantages of pass-through taxation usually associated with partnerships. Limited Liability Companies are becoming more and more popular, and it is easy to see why. In addition to combining the best features of partnerships and corporations, LLCs avoid the main disadvantages of both of those business structures. Limited liability companies are much more flexible and require less ongoing paperwork than corporations to maintain them, while avoiding the dangers of personal liability that come with the partnership. Some examples of famous LLCs may surprise you - both Amazon and Chrysler are organized as limited liability companies.
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Every corporation listed on the New York Stock Exchange is a limited liability company. It depends on the size. If it is above a certain size and your stock broker has heard about it, he can sell your shares; otherwise, you will have to ask around. Ask one of the other owners or someone else if they know of anyone interested in purchasing your shares.
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