ARTICLE [X]: TRANSFER OF MEMBERSHIP INTERESTS & BUY-SELL PROVISIONS [X].1 General Restriction
The balance paid in equal quarterly installments over [3–5] years.
The Company has the first right to purchase the Interest at the offered price. llc operating agreement buy sell provisions
If a majority Member sells their interest, minority Members have the right to "tag along" and join the sale on the same terms. Key Considerations for Your Specific LLC:
If the parties cannot agree on a value at the time of the Triggering Event, the price shall be determined by: ARTICLE [X]: TRANSFER OF MEMBERSHIP INTERESTS & BUY-SELL
The value set forth in the most recent "Certificate of Value" signed by all Members within the last [12] months.
The selling Member must provide written notice to the Company and other Members. Key Considerations for Your Specific LLC: If the
Upon the death or permanent disability of a Member, the Company (or the remaining Members) shall be obligated to purchase, and the affected Member (or their estate) shall be obligated to sell, the entirety of their Membership Interest.