What is transferability of ownership?
Corporations, one of the big advantages of having a corporation is the transfer of ownership, being able to sell your shares to whomever you wish. As many people in the legal field know, shares of stock are assets, you can transfer them freely to whomever you want – this is the one advantage to an LLC or a partnership. You can transfer that to any person without asking the permission of the entity or other owners. There can be certain rules in place to kind of restrict it to a certain extent, such as a written refusal. But at the end of the day, if that shareholder wanted to sell and there’s a buyer, then they are going to sell.