Assignment of Ownership Interest in Limited Liability Company by Four Members to One Member - Oregon 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering the date of the agreement in the designated field. This is crucial for establishing the timeline of the ownership transfer.
3. Fill in the names and addresses of all Assignors (the four members) accurately. Ensure that each member's details are complete to avoid any legal complications.
4. Next, input the name and address of the Assignee (the one member receiving ownership). This section must be precise as it identifies who will hold the membership interest.
5. Describe the purpose of the LLC briefly. This helps clarify its business intentions and can be important for legal purposes.
6. Indicate the number of units being sold and assigned to the Assignee, ensuring it reflects a 40% membership interest as stated in your agreement.
7. Confirm that all necessary authorizations from LLC members have been obtained, as required by your Operating Agreement.
8. Finally, gather signatures from all Assignors and the Assignee at the bottom of the document to finalize this transaction legally.

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