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Transfer of LLC Membership Interest | USA
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.
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