Connecticut Agreement for Sale of all Rights, Title and Interest in Limited Liability Company LLC

State:
Multi-State
Control #:
US-00730BG
Format:
Word; 
Rich Text
Instant download

Description

..with Payment of Cash and Promissory Note and with Life Insurance Policy to Cover Buyer's Life with Limited Liability Company to be Beneficiary



A distributional interest in a limited liability company is personal property and may be transferred in whole or in part. The following form is a agreement whereby the sole member of the LLC transfers his 100% interest as such member to another party.
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  • Preview Agreement for Sale of all Rights, Title and Interest in Limited Liability Company LLC
  • Preview Agreement for Sale of all Rights, Title and Interest in Limited Liability Company LLC
  • Preview Agreement for Sale of all Rights, Title and Interest in Limited Liability Company LLC
  • Preview Agreement for Sale of all Rights, Title and Interest in Limited Liability Company LLC
  • Preview Agreement for Sale of all Rights, Title and Interest in Limited Liability Company LLC

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FAQ

A Connecticut LLC is a type of business entity that provides tax flexibility along with limited liability protection. You can start your Connecticut LLC by filing Articles of Organization with the Connecticut Secretary of State.

The professional requirements for PLLCs in New York are that relevant professionals must own and manage the company. For example, a dentist's office organized as a PLLC must be owned and managed by licensed dentists.

Massachusetts allows professionals to form both PCs and PLLCs. Massachusetts's rules for PLLCs rely in part on the state's older rules for PCs.

With an LLC, anyone can be a member, or owner, of the business. State PLLC laws often provide that only licensed professionals can be members, or that a certain number of members must be licensed professionals. A PLLC cannot be used to shield the members from claims for malpractice.

PLLCs in Connecticut have relatively simple formation and maintenance requirements, several options for how they want to be taxed, and flexible management. From one-person businesses to multi-member PLLCs with several owners, the PLLC is a popular choice for a reason.

Under Connecticut law, an LLC is not required to have an operating agreement. In 2017, Connecticut enacted the Connecticut Uniform Limited Liability Company Act (?CULLCA?), which applies to all limited liability companies in Connecticut.

Certain modifications under California law. Idaho, Iowa, Nebraska and Wyoming have already adopted RULLCA.

Start your Limited Liability Company (LLC) with CT Corporation | Wolters Kluwer.

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Connecticut Agreement for Sale of all Rights, Title and Interest in Limited Liability Company LLC