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State:
Multi-State
Control #:
US-0576-WG
Format:
Word; 
Rich Text
Instant download

Description

The Instrument of Transfer of Limited Liability Company Interest is a legal document that facilitates the transfer of ownership interests among members of a limited liability company (LLC). Primarily targeting attorneys, partners, owners, associates, paralegals, and legal assistants, the form outlines the process by which a transferor can assign their percentage interest in the LLC to a transferee. Key features include the identification of the transferor and transferee, the agreement of both parties on the terms of transfer, and the waiver of any provisions that might restrict such a transfer. Users are instructed to fill in specific details regarding the percentage of interest being transferred, the consideration exchanged, and pertinent dates. Editing is straightforward, allowing for adaptability to various scenarios. This document ensures that the transfer is compliant with existing agreements and federal regulations, addressing legal formalities effectively. Useful in situations where ownership stakes need to be reassigned, it emphasizes compliance and due diligence necessary for changing membership within an LLC.
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