Buy Sell Agreement Template Llc Review

Prevents members from selling their shares to outsiders without consent.

Upon a Triggering Event, the LLC has [30/60] days to exercise its option to purchase the departing member's interest.

What happens to the interest if a member passes away or can no longer work? buy sell agreement template llc

This agreement is entered into on [Date] between [Member A], [Member B], and [LLC Name].

Option C (Appraisal): An independent certified appraiser will determine the Fair Market Value at the time of the event. The purchase price shall be paid: [X]% as a down payment within [Number] days. Prevents members from selling their shares to outsiders

A standard Buy-Sell Agreement for an LLC typically covers these "Triggering Events":

Divorce (to prevent a former spouse from gaining membership). Intentional voluntary sale of interest. This agreement is entered into on [Date] between

[Member Signature] | [Date][Member Signature] | [Date] Pro-Tip: Funding the Buy-Out