Buy-Sell Agreement (Comprehensive)
for Your State
Buy-Sell Agreement for use by members of a limited liability company. This agreement limits members' rights to dispose of their interests upon the occurrence of certain events (such a death or disability of a member).
This Comprehensive Buy-Sell Agreement is between a limited liability company (the “Company”) and its members, which limits the members’ rights to dispose of their interests (shares, membership units or rights in the Company) upon the occurrence of certain events. This will ensure that the membership interests remain in the hands of the existing members and/or the Company rather than transferred to third parties. The events that would trigger this agreement include: (1) a member's death; (2) the disability, retirement or resignation of a member who is employed by the Company; (3) the termination, with or without cause, of a member's employment with the Company; or (4) the voluntary or involuntary sale or disposition of any interest owned by a member.
This Comprehensive Buy-Sell Agreement includes the following:
Protect your rights and your company by using our attorney-prepared forms.
This attorney-prepared packet contains:
This Comprehensive Buy-Sell Agreement includes the following:
- Parties: Sets forth the name of the limited liability company, its members and the trust company who will act as trustee;
- Recitals: Names of the members, their company interest and that they desire to place certain restrictions on the transfer of company interests;
- Restrictions on Transfers: Sets forth the specific restrictions on transfer of member interests, including those after a member's death, that this agreement binds any transferee, specific endorsement on any stock certificate and deposits of any ownership interests with the trustee;
- Trustee Provisions: Provisions which govern trustee's actions under this agreement;
- Purchase Price: Provisions include price upon receipt of bona fide offer, occurrence of other events or triggering events;
- Payment of Purchase Price: Sets forth how payment will be made under all purchase price scenarios;
- Signatures: All members of the limited liability company must sign this agreement in the presence of a notary public. /li>
Protect your rights and your company by using our attorney-prepared forms.
This attorney-prepared packet contains:
- General Information
- Instructions and Checklist
- Comprehensive Buy-Sell Agreement between Members (Limited Liability Company)
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages45
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#43645
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.