LLC Membership Interest Assignment Agreement

Why Use Our LLC Membership Interest Assignment Agreement Template?

Legally Recognize the Transfer

• Attorney-Drafted: Created by seasoned business law attorneys.

• Clear Terms of Assignment: Defines what’s being transferred and on what terms.

• Standalone or Paired Use: Works on its own or alongside a purchase agreement or gift documentation.

Works for Many Transfer Types

• Flexible Usage: Suitable for sales, gifts, restructures, or estate planning.

• Partial or Full Transfers: Supports full divestments or partial assignments.

• With or Without Payment: Handles both compensated and uncompensated assignments.

Simple to Customize and Execute

• Editable Word Format: Quickly fill in names, dates, percentages, and other terms.

• Consent Provisions Included: Optional section for required approvals under your LLC operating agreement.

• Execution Block Included: Signature-ready with space for both parties.

How to Purchase and Use the Assignment Agreement

🛒 Step 1: Complete Your Purchase ($35 per Template)

Add the LLC Membership Interest Assignment Agreement to your cart and check out securely. The template will be delivered to your email immediately.

📥 Step 2: Download and Fill Out

Open the template in Word and enter your LLC name, the member assigning their interest, the recipient, and details about the transfer.

👥 Step 3: Confirm Internal Requirements

Check your operating agreement to see if other members or managers must approve the transfer. The template includes language for documenting their consent if needed.

✍️ Step 4: Sign and Save

Once all parties have reviewed the terms, sign the agreement and store it with your company’s legal records.

🎯 Ready to Make the Transfer Official?

Get the legal clarity you need—download the LLC Membership Interest Assignment Agreement today.

Key Features of the Assignment Agreement Template

• Defined Transfer Terms: Clearly spells out the ownership interest being assigned.

• Assignor and Assignee Information: Identifies both parties and their roles.

• Consent Language (Optional): Covers approval requirements if applicable.

• Effective Date Clause: Establishes when the transfer officially takes place.

• Execution Section: Includes signatures and optional notary language.

Benefits of Our Membership Assignment Agreement

Legal Clarity and Protection

• Professional Documentation: Show third parties that the transfer was legitimate and properly handled.

• Internal Alignment: Helps ensure compliance with operating agreements and internal policies.

• Prevents Disputes: Avoid misunderstandings by putting everything in writing.

Efficient and Cost-Effective

• Affordable Alternative to Custom Drafting: No need to hire an attorney to start from scratch.

• Instant Access: Use the template immediately after purchase.

• Reusable Format: Works for future assignments and modifications.

Quick Look: LLC Membership Interest Assignment Agreement

Frequently Asked Questions

Q: What is a Membership Interest Assignment Agreement?

A: It’s a legal document that transfers a member’s ownership interest in an LLC to someone else, whether through sale, gift, or restructuring.

Q: Can I use this for a partial transfer?

A: Yes. This template is built to handle full or partial assignments of LLC membership interest.

Q: Do I need member or manager approval?

A: That depends on your operating agreement. The template includes optional consent provisions if approvals are required.

Q: What if this is part of a sale?

A: You can use this template in conjunction with a Purchase and Sale Agreement or Promissory Note for more comprehensive documentation.

Q: Does this get filed with the state?

A: No, most states don’t require filing this type of agreement. However, it should be retained in your company’s legal records.

Why This Agreement Matters

• Legally Validates the Transfer: Ensures there's no ambiguity over who owns what.

• Essential for Gifting or Selling Ownership: Provides a written record of change in control.

• Complements Your Operating Agreement: Keeps your business records up to date and in compliance.

• Versatile and Reusable: Works across a variety of transfer situations.