Giving the LLC or remaining members the first chance to buy any interest before it’s offered to a third party. [Template Outline] Buy-Sell Agreement for [LLC Name]

Terms for removing a member (e.g., bankruptcy or divorce).

Whether you’re just launching your LLC or you’ve been in business for years, a is the "business prenup" every multi-member company needs. It’s the document that answers the messy "what if" questions before they happen, ensuring the business stays stable even when the ownership changes. Why Your LLC Needs a Buy-Sell Agreement

Creates a guaranteed buyer for a departing member’s interest.

What happens to the interest if a member passes away or can no longer work?

[Member Signature] | [Date][Member Signature] | [Date] Pro-Tip: Funding the Buy-Out

Upon a Triggering Event, the LLC has [30/60] days to exercise its option to purchase the departing member's interest.

While templates are a great starting point, every LLC has unique tax implications and state-specific laws. We highly recommend having a review your final draft to ensure it aligns perfectly with your Operating Agreement.