How do shareholders of limited liability companies exchange shares?

Legal analysis: the change of equity can be divided into three aspects:

1. Mutual transfer between shareholders. Shareholders can transfer all or part of their shares to each other without any restrictions.

2. When a shareholder transfers its equity to a person other than the shareholder, it shall be agreed by more than half of the other shareholders. The specific process is that shareholders notify other shareholders in writing, and other shareholders reply within 30 days. If no reply is made, it shall be deemed as consent to the transfer. If more than half of the other shareholders do not agree to the transfer, the shareholder who does not agree shall buy his equity, and those who do not buy shall be deemed to agree to the transfer. The significance of legislation lies in maintaining the stability of the company and making the company's funds flow among shareholders as much as possible.

Third, shareholders transfer their shares to the company, which is what we usually call "withdrawal". If the following three situations occur, shareholders may request withdrawal:

(a) the company has not distributed profits to shareholders for five consecutive years, but the company has made profits for five consecutive years and meets the conditions for distributing profits as stipulated in this Law;

(2) The merger, division or transfer of the company's main property;

(3) Upon the expiration of the business term stipulated in the Articles of Association or other reasons for dissolution stipulated in the Articles of Association, the shareholders' meeting will adopt a resolution to amend the Articles of Association to make the Company survive.

Legal basis: People's Republic of China (PRC) Company Law.

Article 20 Shareholders of a company shall abide by laws, administrative regulations and the articles of association, exercise their rights according to law, and shall not abuse their rights to harm the interests of the company or other shareholders; The company's independent legal person status and the limited liability of shareholders shall not be abused to harm the interests of the company's creditors. Shareholders of a company who abuse their rights and cause losses to the company or other shareholders shall be liable for compensation according to law. Shareholders of a company who abuse the independent status of a company as a legal person and the limited liability of shareholders to evade debts and seriously damage the interests of creditors of the company shall be jointly and severally liable for the debts of the company.

Article 137 The shares held by shareholders can be transferred according to law.

Article 138 Shareholders shall transfer their shares in a legally established securities exchange or in other ways prescribed by the State Council.