Who is Buyer?

• The buyer, i.e., a person who purchases membership in the LLC, is:

  • An individual
  • A business or organization

• Indicate the full name of Buyer:

• Indicate the full name of company (Buyer):

• Indicate the full business or residential address of Buyer:

About this Agreement

• Select the date on which parties sign this Agreement:

• Select the state, where the LLC was registered:

  Choose option Alabama Alaska Arizona Arkansas Calirofnia Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hamshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming District of Columbia

  !

  This information could be found in the LLC’s operating agreement or in articles of organization.

Share Details

• Indicate the LLC's name, including all applicable designators:

• Indicate the total percentage of membership interest (in %) in the LLC owned by the Seller:

  !

  The percentage of membership interest refers to the ownership share a member holds in a LLC, expressed as a percentage of the entire LLC.

  It determines how much control, profit, and liability a member has in the company.

• The Seller transfers:

  • all membership interest in LLC
  • portion of membership interest in LLC

  !

  When a seller transfers all membership interest in an LLC, a seller ceases to be a member of the LLC.

  However, when a portion of a seller’s membership interest is being transferred, a seller remains a member of the LLC with the remaining membership interest.

• Indicate the portion of the Seller's membership interest (in %) the Seller sells under this Agreement:

Payment Details

• Specify the total purchase price (in USD) for the transfer of the membership interest:

• The purchase price shall be paid:

  • In full on the date of signing this Agreement
  • In full on the other date
  • According to specific schedule

• Select the date, on which the purchase price shall be paid in full:

• Describe in detail schedule according to which the purchase price shall be paid:

• Indicate all acceptable payment methods the Buyer can use to pay the purchase price:

Miscellaneous

• Once the sale-purchase of shares is finalized, the Seller shall not disclose any confidential information about the LLC for the period of:

  Choose option one (1) year two (2) years three (3) years

• Select the closing date:

  !

  The closing date is the specific date on which the transfer of ownership of shares is finalized.

  It means that by this day a seller shall transfer their membership interest, and the buyer shall pay all the agreed purchase price in full.

• Is prior approval from the other LLC members required for the Seller to transfer their membership interest?

  • Yes
  • No

  !

  Some LLCs’ operating agreements may require a shareholder to get prior approval from other LLC members prior to the sale or transfer of their LLC’s membership interest.

  Failure to receive such an approval makes a transfer of membership interest under the present agreement void (i.e., not legally binding).

• Does the LLC have an operating agreement at place on the date of signing this Agreement?

  • Yes
  • No

  !

  An Operating Agreement is a legal document that outlines the internal rules, ownership structure, and management procedures of LLC.

  It acts as a contract among the LLC’s members (owners) and governs how the company is run.

• Do you want to add a Seller's signature?

  • Yes
  • No

• Add a Seller's signature:

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