Six mistakes when selling or transferring your company

Attorney and CPA Chad D. Cummings explains the top six mistakes business owners make when selling or transferring an LLC in this presentation. From operating without a proper operating agreement, to dissolving the company instead of redomesticating it, failing to register in the state where you actually conduct business, using free contract templates, commingling personal and business funds, and neglecting to update formation documents, these common errors expose owners to unnecessary risk, tax consequences, compliance violations, and lost value. This presentation walks through each mistake with practical guidance on how to avoid them and protect both the seller and the buyer during a transfer. Learn why redomestication is often the correct path instead of dissolution and how proper planning preserves your FEIN, contracts, credit history, and liability protection. If you are preparing to sell or transfer your company, this presentation will help you avoid costly pitfalls. Learn more: https://www.cummings.law