Common Contracts
1 similar LLC Membership Purchase Agreement contracts
ContractLLC Membership Purchase Agreement • June 5th, 2023
An LLC Membership Purchase Agreement is a document used when a member of an LLC (a limited liability company) wishes to sell their interest, or a portion of their interest, to another party. Most often, LLC Membership Purchase Agreements are used when the member of the LLC is choosing to leave the LLC (or has been forcibly removed) and needs a way to dispose of the interest. LLC Membership Purchase Agreements can be used for any situation where money is being exchanged for the relinquishment of interest in an LLC. An LLC Membership Purchase Agreement normally happens well after the LLC has already been operating. To form a limited liability company in most states, any party must begin with Articles of Organization (sometimes called Certificates of Formation or other varying names). These documents will get the LLC formed and in compliance with state laws. LLCs are formed with members, who are the owners of the company. This document can be used if one of those members needs to sell som
