If you do not have an enterprise agreement or if members are unable to agree on provisions, you may need to file a petition with your state`s civil court for a judge to set a price for your membership interest. It is in your best interest to include a buy-sell commission in your LLC`s operating contract inspired by good foresight. A buy-sell provision in an operating contract is essential to the smooth transfer of ownership of LLC. If you want to sell your entire business or need a sales contract, you should consult a lawyer. If your LLC`s operating contract does not contain a buyout fee or if you cannot enter into a transfer of interest agreement with other LLC members, check the laws of the limited liability company in your LLC`s home country. National laws have standard provisions governing the activities of CTCs that do not have enterprise agreements. To sell your LLC, you must agree a price with your buyer. You can hire a business valuation professional or allow your buyer to check the books and records. The terms of sale are recorded in a letter of intent or an appointment sheet followed, if necessary, by a formal contract and a sales contract.
Submit these documents to the state authority in charge of your LLC. This document can be used when a party wishes to sell its membership shares to an LLC (or if a party wishes to purchase membership units to an LLC) and requires a written agreement. This document will probably be stored at the LLC to have a record of the sale. LLC`s enterprise agreement determines how ownership of your LLC is transferred. You probably signed it when you set up your LLC; It is the contract between the members that indicates how the LLC works. After the dissolution of the LLC, other LLC members who wish to continue may create another LLC. Depending on your LLC`s state of origin law, you can either provide a copy of the sales contract between you and the other party or request a purchase. AMENDMENT No. 1 of August 8, 2005 (“Amendment No. 1”), membership unit PURCHASE AGREEMENT (the “sales contract”) of April 1, 2005, by and under ZG ACQUISITION INC., a Delaware Corporation (the “acquirer”), MDC PARTNERS INC., an affiliate under Canadian federal law, Sergio Zyman, ZYMAN GROUP, LLC, a limited liability company in Delaware , including the Zyman Group, LLC, a limited liability company in Nevada, including its subsidiaries, the “company”), ZYMAN COMPANY, INC., and some of the company`s other shareholders (together the “Management Sellers,” with Zyman, the “sellers” and, individually, a “seller”).