Get Agreement for Sale of all Rights, Title and Interest in Limited Liability Company LLC

An interest purchase agreement expresses ownership of a limited liability company and gives you voting and interest in the company.

Membership Interest Purchase Agreement (Pro-buyer Long Form) ... A long-form agreement for the purchase and sale of all of the outstanding membership interests of a private US limited liability company, drafted in favor of the buyer. This Standard Document assumes, among other things, a single buyer and a single seller.

Membership interests are a way to express ownership in an LLC. Holders of membership interests have a voting and profit interest in the company. Membership interests may be transferred or sold to others.

MIPA means Amended and Restated Master Installment Purchase Agreement, dated as of January 1, 2009, as amended and supplemented, by and between the City and Corporation. MIPA means that certain Membership Interest Purchase Agreement between Ship Ahoy, LLC and Foresight Energy Company.

Issuing Membership Interests In order to issue membership interests correctly, the first thing you need to do is create and sign an operating agreement. This agreement should specify the membership interests of your LLC and whether they are expressed as ownership percentages or membership units.

Definition of Unit Purchase Agreement Unit Purchase Agreement means the Class B Unit and Unit Purchase Agreement dated as of October 24, 2006 between the Company and the purchasers named therein.

Refer to the LLC's operating agreement. ... See if a buyout agreement exists, if the operating agreement does not discuss what to do when a member leaves. ... Balance the member's capital account. ... Calculate the value of the departing member's interest in the business. ... Draft a purchase agreement. ... Execute the purchase agreement.

Many LLC owners neglect to create buyout agreements, but buyout provisions are critical when you co-own an LLC with other members. A buyout, or buy-sell, agreement states what will happen when one member wants to leave the company, or worse, dies, goes bankrupt, or gets divorced.

Self-fund the buyout. Many business owners opt to self-fund their partner buyout. ... Apply for an SBA loan. The Small Business Administration (SBA) backs certain types of loans that allow business owners to fund partner buyouts. ... Try alternative lenders.

Your partners generally cannot refuse to buy you out if you had the foresight to include a buy-sell or buyout clause in your partnership agreement. These clauses and provisions set terms in advance regarding how the company will proceed if one partner wants out.