Buy Sell Agreement Template Llc May 2026

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

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

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] buy sell agreement template llc

This agreement is entered into on [Date] between [Member A], [Member B], and [LLC Name].

Option B (Formula): The value is [e.g., 2x the average annual net profit for the last 3 years]. Option B (Formula): The value is [e

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

What happens to the interest if a member passes away or can no longer work? One often-overlooked detail is where the money comes from

One often-overlooked detail is where the money comes from . Many LLCs use or Disability Buy-Out Insurance . If a member passes away, the insurance payout provides the LLC with the cash needed to buy the deceased member's shares from their estate immediately. Next Steps