I have a single member LLC
(me). It is more of a Ministry and even though I've never taken a salary or made profit, my accountant has added it to our taxes every year. I do have an EIN for it & a Business
(No employees either)
There are no physical assets. Only community online.
Due to personal reasons I am selling this to a friend for next to nothing. She has already opened up an LLC in her state using the same name as mine. Her EIN number will be here tomorrow and she has opened a Business Account.
I have Disolved My LLC in my state.
I am currently transferring the domains & Facebook Groups/Pages into her name. Her email is now the official email for the LLC. (which is the same name as mine, but is now the one she opened brand new in her state)
I had written all out for her about what all is being transferred and all the passwords etc. Since we are friends she is not concerned that I will not follow through.
Because of the way this has been done, do I need to do a long Purchase Agreement? She is not asking for it. I do want to be covered though. I think I am since my LLC is now Dissolved.
I already have the money from her.
Thank You so much for your time!