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Sale of Interest in an LLC

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					                                 SALE OF LLC INTEREST AGREEMENT

               This Agreement is entered this the ______ day of _______________, 201___, by and
       between ___________________ [Provide name of party selling an interest], (hereinafter
       referred to as “Seller”) and ______________________ [Provide name of party buying an
       interest], (hereinafter referred to as “Purchaser”).

       WITNESSETH:

      WHEREAS, the parties hereto desire that a __________ percent (_______%) interest in the
      capital and profits of ____________________________________ [Provide the name of the
      LLC] (hereinafter referred to as “LLC”), be sold to Purchaser pursuant to this Agreement on the
      date and at the time provided for herein
                                               between a buyer 201___ (hereinafter, the
This documentDate”); and agreement__________________,and a seller for the purchase of
      “Effective
                  creates an
the seller's interest in a Limited Liability Company (“LLC”). This document sets forth the
      WHEREAS, the specifies how the purchase price represents an interest
purchase price and parties hereto desire to set forth certain representations, warranties, and in the
      covenants made by each to the other as an inducement to the consummation of the sale and
        of the LLC. agreements related to the sale;
assetscertain additionalIn addition, this document provides the rights and responsibilities of
each party pursuant to the agreement. This document can be used by individuals or
      NOW, THEREFORE, in consideration of in an LLC.
small businesses to transfer an interestthe premises and of the mutual representations,
       warranties, and covenants herein contained, the parties hereby agree as follows:

                                                   ARTICLE I

       1.1     Subject to the terms and conditions set forth herein, the closing of this sale of LLC
       interest shall be held on _______________________, 201_______.

       1.2    The Seller shall sell the said LLC interest for a total purchase price of
       __________________ dollars ($____________), consisting of ___________________ dollars
       ($____________) in cash plus the assumption of debts worth _______________ dollars
       ($____________). [Instruction: If no debt is being assumed, write "$0/zero dollars" is the
       related spaces, above, in this paragraph.]

       Such purchase price represents interest in the following assets of the LLC with such total
       purchase price to be divided among the assets as follows:

       Fixtures and equipment (as set forth in Exhibit A)           $__________

       Real estate (as set forth in Exhibit B)                      $__________

       Inventory                                                    $__________

       Accounts receivable                                          $__________

       Cash type assets                                             $__________
                            SALE OF LLC INTEREST AGREEMENT

        This Agreement is entered this the ______ day of _______________, 201___, by and
between ___________________ [Provide name of party selling an interest], (hereinafter
referred to as “Seller”) and ______________________ [Provide name of party buying an
interest], (hereinafter referred to as “Purchaser”).

WITNESSETH:

WHEREAS, the parties hereto desire that a __________ percent (_______%) interest in the
capital and profits of ____________________________________ [Provide the name of the
LLC] (hereinafter referred to as “LLC”), be sold to Purchaser pursuant to this Agreement on the
date and at the time provided for herein __________________, 201___ (hereinafter, the
“Effective Date”); and

WHEREAS, the parties hereto desire to set forth certain representations, warranties, and
covenants made by each to the other as an inducement to the consummation of the sale and
certain additional agreements related to the sale;

NOW, THEREFORE, in consideration of the premises and of the mutual representations,
warranties, and covenants herein contained, the parties hereby agree as follows:

                                            ARTICLE I

1.1     Subject to the terms and conditions set forth herein, the closing of this sale of LLC
interest shall be held on _______________________, 201_______.

1.2    The Seller shall sell the said LLC interest for a total purchase price of
__________________ dollars ($____________), consisting of ___________________ dollars
($____________) in cash plus the assumption of debts worth _______________ dollars
($____________). [Instruction: If no debt is being assumed, write "$0/zero dollars" is the
related spaces, above, in this paragraph.]

Such purchase price represents interest in the following assets of the LLC with such total
purchase price to be divided among the assets as follows:

Fixtures and equipment (as set forth in Exhibit A)           $__________

Real estate (as set forth in Exhibit B)                      $__________

Inventory                                                    $__________

Accounts receivable                                          $__________

Cash type assets                                             $__________



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Good will                                                      $__________

(You must attach lists of the fixtures and equipment and real estate of the LLC on separate sheets
to be titled Exhibit A and Exhibit B respectively.)

1.3     The Seller shall tender to Purchaser at the closing a fully executed bill of sale for the
interest being transferred.

1.4    The Purchase
				
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Description: This document creates an agreement between a buyer and a seller for the purchase of the seller's interest in a Limited Liability Company (“LLC”). This document sets forth the purchase price and specifies how the purchase price represents an interest in the assets of the LLC. In addition, this document provides the rights and responsibilities of each party pursuant to the agreement. This document can be used by individuals or small businesses to transfer an interest in an LLC.