Yes, you can change ownership between a husband, wife, or family member, can be offered as a changed or new business partnership, or in the case of the death of an LLC member. Each must follow state laws for the departing member. An ownership change can be difficult because a transfer can be for a full or partial interest in the business; this is a written agreement. The transfer is done to protect the new owner as well as the membership interest of everyone involved with the business.