Llc Membership Interest Bill Of Sale printable pdf download

Llc Membership Interest Bill Of Sale

LLC MEMBERSHIP INTEREST BILL OF SALE

_____________________ (“Assignor”) currently holds a _______ percent (__%)

membership interest in _________________________, LLC, an Arizona Limited

Liability Company. Assignor’s interest is currently valued at $____________. Assignor

has the right to transfer his/her interest and desires to transfer his/her whole interest.

____________________________, LLC (“The LLC”) is unable or unwilling to purchase

Assignor’s interest.

Assignor desires to sell and assign his/her whole interest to ___________________

(“Assignee”), who desires to purchase and receive the whole interest. Assignee is an

existing Member of the LLC, which allows him/her to receive the share of distributions,

and the allocation of profits and losses, to which Assignor would otherwise be entitled

with respect to the assigned interest.

Assignee shall make one payment to the Assignor for the total amount of

$___________, within five (5) business days of both parties signing this document.

After this sale and transfer, Assignor’s membership in the LLC is withdrawn. Assignor

should mail written notice of his/her withdrawal to the other members of the LLC at their

last known addresses, within three (3) business days of receiving payment under this

agreement; or Assignee will do so. Assignor and his/her personal representatives,

successors and assigns do not have the right to receive any distribution by reason of

the withdrawal.

The parties are separately responsible for any and all tax consequences and tax filings

resulting from this transaction.

In due course, the LLC may memorialize in meeting minutes or a resolution that

Assignor’s membership interest and corresponding membership certificates (if any)

have been transferred to Assignee, and a new membership certificate reflecting

Member Assignee’s new membership interest will be issued.

AGREED AND ACCEPTED:

__________________________

Assignee

Assignor

_______________

______________

Date

Llc Membership Interest Bill Of Sale