LLC Operating Agreement for Single Member Company | USA

Dissolve a limited liability company in the United States with this Plan of Dissolution and Liquidation of LLC.

• All of the members resolve to:
  • have the company cease actively conducting business;
  • distribute the assets of the LLC to the members;
  • publish a Notice of Dissolution for the benefit of creditors and interested parties.
• This template can be used in any State that does not have a prescribed statutory form required by law for dissolution.
• Intended to be used only within the United States.

This Transfer of Membership Interest form should be attached as an addendum to the original LLC Operating Agreement for a USA limited liability company.

Purpose of Transfer of Interest

The Transfer addendum sets out the rules which will govern how a membership interest can be transferred from a departing or deceased member of the LLC to a related party (spouses or family members) or to a non-related party.

Key Provisions

The Transfer of Interest addendum covers the following procedures:

• 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.

Format and Jurisdiction

The Transfer of LLC Membership Interest form is a downloadable MS Word document that is fully editable to fit your specific circumstances. It is intended to be used only for limited liability companies formed in the United States.

Set up a limited liability company in the U.S. under this LLC Formation Agreement between the members of the company.

• This is an informal preliminary agreement which the members can put in place so they can proceed with filing Articles of Organization and forming the company, prior to entering into a formal operating agreement.
• The members agree that this is a preliminary agreement only and that they intend to execute a more complex agreement within a reasonable time.
• The members will manage the business of the LLC and will vote according to their proportionate interests.
• The members are free to carry on other businesses as long as they do not compete or conflict with the business of the LLC.
• The members agree that disputes will be settled by arbitration.
• The LLC Formation Agreement can be used throughout the United States.
• Available as a fully editable MS Word document. Buy, download, edit to fit your circumstances, and have each party sign.

Sell all or part of your interest in a USA limited liability company with this easy-to-use Sale of LLC Interest Agreement.

Seller Obligations

• The Seller will provide a bill of sale on closing, in return for a check from the Purchaser.
• The Seller warrants that the LLC owns its assets and property free and clear except for liens disclosed in the Agreement.
• The Seller must provide copies of all insurance policies.

Restrictions on Seller

The other members of the LLC will not allow the Seller to incur liabilities, enter into contracts, or encumber the interest without the consent of the Purchaser until the transaction closes.

Format and Legal Jurisdiction

This Sale of LLC Interest Agreement template is available in MS Word format. It is fully editable to meet your specific needs.

This legal document is intended to be used only in the United States.