whether the membership shall be purchased by the LLC, a third party or one or more of the other members; and the terms of the purchase. If available, review a sample buyout agreement to get an ...

For this reason, LLCs can lean on these templates to create a first draft of their operating agreement, but we strongly recommend LLC members consult a lawyer to finalize the document. Many LLC ...

While a personal loan agreement sets repayment terms between a financial institution and borrowers, this type of agreement can also occur between family members and friends. The main advantage of ...

Submit a copy of your amendment to the Secretary of State's office if you are making an amendment to add additional members to the original LLC agreement. Otherwise, there is no need to submit a ...