How To Sell An LLC – Bill Of Sale Template
⬇ Download free template (PDF)Use this bill of sale template when transferring membership interests in your LLC. Perfect for selling or assigning an ownership stake—documenting the transfer value, ownership change, and signatures of all involved parties.
DOWNLOAD BILL OF SALE TEMPLATE
What Is a Membership Interests Bill of Sale?
This document formally records a transfer of membership interests in an LLC—from one member to another—alongside the sale value. It confirms the buyer assumes all member responsibilities and is compared to an asset sale but for ownership stakes. :contentReference[oaicite:1]{index=1}
The interest is sold “as is,” free of encumbrances, and full current members must authorize the transfer to ensure it conveys voting and economic rights properly.
Key Elements in the Template
- LLC name and state of formation – exact as filed.
- Seller and buyer names and signatures – with dates.
- Membership interest percentage & valuation – amount paid and percent transferred.
- Assumption of obligations – buyer agrees to take on member duties.
- “As is” and no encumbrance clause – states interest is free of claim.
- Current members’ consent – required to grant full membership rights.
Why Use This Document?
Ensures formal ownership transfer
Provides a clear legal record of who sold and who bought the membership interest, including valuation and execution details—all critical for tax, governance, and liability reasons.
Complies with operating agreement rules
Many LLCs require member consent or specific valuation procedures prior to transfers. This template aligns with those requirements.