Get Sale And Assignment Of A Percentage Ownership Interest In A Limited Liability Company 2020-2025

Filling out the Sale And Assignment Of A Percentage Ownership Interest In A Limited Liability Company form online can be a straightforward process if you follow a structured approach. This guide will provide you with clear and detailed instructions to help you complete the form accurately.

Follow the steps to successfully complete the form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Fill in the date at the top of the form where indicated. This date represents the day the agreement is being made.
3. Enter the name of the seller in the designated space for Assignor. Include their full name and address details, including street address, city, county, state, and zip code.
4. Complete the section for the name of the buyer in the Assignee area. Similar to the previous step, provide their full name and address details.
5. For the limited liability company section, input the name of the LLC where indicated. Briefly describe the purpose of the LLC, providing enough detail to clarify its business objectives.
6. Indicate the number of units being sold and assigned in the appropriate space, which will represent the percentage of membership interest in the LLC.
7. Fill in the monetary consideration agreed upon for this transaction, which is the amount paid by the Assignee to the Assignor.
8. Insert specifics regarding the guarantees made by the Assignor about the authorization from the Members of the LLC.
9. Attach Exhibit B, which includes the resolution from the Members authorizing this sale and assignment. Ensure it reflects the number of units and percentage being assigned.
10. Ensure both the Assignor and Assignee sign the document in the spaces provided, confirming their agreement to the terms laid out.
11. Finally, save any changes, and proceed to download, print, or share the completed document as necessary.

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