How to Sell an LLC - Bill of Sale Template

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LLC Membership Interest Bill of Sale

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LLC membership interests bill of sale

If you’re looking to sell your LLC, you sell your membership interests in the LLC via a bill of sale. If you’re a single member LLC, you can sell your interests for whatever you want, but if you’re a multiple member LLC, you may have some stricter rules in your operating agreement to keep the value of the LLC at a certain point. You may also have rights of refusal to the other members in the LLC.

Selling an LLC is simple. You can use our free LLC membership bill of sale template below to document the sale. We recommend doing a credit check and UCC search with the Secretary of State of formation before agreeing to buy a LLC membership interest.

If there are debts of the LLC, you should use an attorney drafted LLC bill of sale, and you should really be spending a couple thousand bucks in legal fees to really know what you’re getting into.

Before you buy membership interests, you should draft articles of amendment showing a change in LLC members. You should then file the LLC articles of amendment with the State agency governing your LLC.

You’ll need a registered agent to keep your LLC in good standing. Many of our clients appreciate our extensive online tools and resources we provide to help you manage your LLC.

More LLC Forms:

Step 1: LLC Organizational Forms

Step 2: Initial LLC Setup

Step 3: Get an EIN for LLC

Step 4: Open a Bank Account

Step 5: LLC Maintenance Forms

Other Legal Documents:

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Northwest Registered Agent provides all the LLC formation documents and filing tips for each state in your registered agent service account. You can see more about our registered agent services on our Why Choose Us page. If you’d like us to form your LLC for you, we only charge $100 plus the state filing fees. More LLC information by state: