Llc Operating Agreement Buy Sell Provisions Apr 2026

The balance paid in equal quarterly installments over [3–5] years.

Interest shall accrue on the unpaid balance at the [Current Federal Prime Rate]. [X].7 Drag-Along and Tag-Along Rights

A qualified independent appraiser selected by the Company. llc operating agreement buy sell provisions

of a Member (defined as inability to perform duties for [90] consecutive days).

If the Company declines, the remaining Members may purchase the Interest pro-rata. The balance paid in equal quarterly installments over

How do you want to value the business? Formula-based (simple) or Appraisal-based (accurate but expensive)?

If the parties cannot agree on a value at the time of the Triggering Event, the price shall be determined by: of a Member (defined as inability to perform

If Members holding [75]% of the Company agree to sell to a third party, they may "drag" the minority Members, requiring them to sell on the same terms.