Assignment Interest Llc With No Assets

• Category: Limited Liability Company - Assignments
• State: Multi-State
• Control #: US-LLC-0908
• Format: Word; Rich Text

Description

The Assignment Interest LLC With No Assets form allows a member of a limited liability company (LLC) to transfer their ownership interest to another individual or entity, known as the assignee. This form is particularly useful in situations where the original member does not hold any assets in the LLC, making the transfer straightforward. Key features of the form include the ability to assign interest in whole or in part, as long as the operating agreement does not prohibit such assignments. Users must fill in the names of the assignor and assignee and the date of the assignment. It is essential that the assignor understands their ongoing liabilities, as assigning their interest does not release them from responsibilities regarding past capital contributions. This form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in business transactions, as it simplifies the process of transferring interests while clarifying roles and obligations. The document should be edited to reflect accurate details specific to the parties involved before execution.