This addendum to an original LLC Operating Agreement sets out the rules set up by the members governing the transfer of a membership interest from a departing or deceased member to a related party (spouses or family members) or to a non-related party. This template is for a limited liability company organized in the United States. The addendum covers the following topics:

• permitted transfers to related parties;
  
• voluntary transfers to non-related parties;
  
• involuntary transfers to related and non-related parties;
  
• method of determining purchase value;
  
• payment of purchase value;
  
• admission of new members.

This is a USA corporate form in MS Word format, and is fully editable to fit your specific circumstances.