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Buy sell agreement template

Buy sell llc 2026

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The document is a Buy Sell or Stock Purchase Agreement between members of a Limited Liability Company (LLC) that outlines the terms for the purchase and sale of membership units. It includes provisions for transferring units upon death, disability, or during the member's lifetime, with specific conditions regarding pricing and funding through life insurance policies. The agreement aims to ensure continuity in management and operations of the LLC while detailing restrictions on unit transfers, purchase price determination, and procedures for resolving disputes.

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Click ‘Get Form’ to open the buy sell llc document in the editor.
Begin by filling in the date at the top of the form, followed by the name of your LLC and its principal office address.
Next, input the names and addresses of Member Alpha and Member Beta, ensuring all details are accurate for legal purposes.
In Section I, specify any restrictions on transferring membership units. This is crucial for maintaining control within the LLC.
Proceed to Section II to outline purchase terms upon a member's death. Clearly state the purchase price or formula for valuation.
Continue through Sections III and IV, detailing procedures for purchasing units during a member's lifetime or in case of disability.
Finally, review all sections for completeness and accuracy before saving or sharing your completed document.

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