In most countries, it is not necessary to submit a registration of the transfer of ownership. However, the list of current members should be registered when submitting annual reports to the State. Once a buyout agreement has been concluded, an updated certificate of organization should be created to confirm the updated ownership changes. Before you finish, make sure that the outgoing member submits their membership certificates. Also, if necessary, be sure to issue a new membership certificate to identify the value of the CLL. In cases where there is no new owner and LLC retains the remaining shares, let the remaining members of LLC take over the units or redistribute the shares among the remaining members. .