Buy Sell | Agreement Template Llc

The remainder via a promissory note over [Number] years at [Percentage]% interest.

Option A (Fixed Price): The value is set at $[Amount], to be updated annually.

Prevents members from selling their shares to outsiders without consent.

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

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

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

Without a formal agreement, the departure of a member—whether due to a falling out, retirement, or tragedy—can lead to legal gridlock or an unwanted new partner (like a member's ex-spouse or heir). A Buy-Sell Agreement: