1. Limited Liability Company (LLC):

Operating Agreement Amendment: Check the LLC’s operating agreement. Typically, it will contain provisions for assigning membership interests to a trust. Amend the operating agreement to reflect the transfer.

Assignment of Membership Interest: Execute an Assignment of Membership Interest, transferring the ownership from the individual to the trust. Read More About Wills & Trusts.

2. Corporation:

Shareholder Agreement Amendment: If there’s a shareholder agreement, review it for provisions related to transfers. Amend the agreement if necessary.

Stock Assignment: Execute a Stock Assignment document to transfer ownership of corporate stock to the trust. What is a Florida Living Trust?

3. Partnership:

Partnership Agreement Amendment: Check the partnership agreement for any restrictions or procedures related to transfers. Amend the agreement as needed.

Assignment of Partnership Interest: Use an Assignment of Partnership Interest to transfer ownership to the trust.

4. Sole Proprietorship:

Business Asset Transfer: For a sole proprietorship, there may not be distinct shares or membership interests. Instead, transfer the business assets to the trust using a Bill of Sale or similar document.