Letter of Intent (LOI) for LLC Purchase

Why Use Our Letter of Intent Template?

Align Early and Save Time

• Attorney-Drafted Structure: Includes all the essential LOI elements used in professional business deals.

• Key Deal Terms in Writing: Clarifies intent, purchase price, timeline, and what’s included in the deal.

• Reduces Negotiation Risk: Helps prevent misunderstandings or wasted effort later in the process.

Designed for LLC Sales

• Covers Partial or Full Purchases: Use for buying a full LLC or just a membership interest.

• Option to Make Binding or Non-Binding: Clarify which sections are legally enforceable and which are not.

• Outlines Next Steps: Includes provisions for due diligence, definitive agreement, and closing timeline.

Easy to Customize and Share

• Editable Word Format: Add names, pricing, structure, and key deadlines in minutes.

• Stand-Alone or Precursor Document: Use before drafting a formal purchase agreement.

• Execution Ready: Signature lines included for buyer and seller.

How to Purchase and Use the LOI Template

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

Add the Letter of Intent for LLC Purchase to your cart and check out securely. You’ll receive the document instantly via email.

📥 Step 2: Customize the Deal Details

Fill in the buyer and seller names, target business name, price, structure, and anticipated closing steps.

👥 Step 3: Share and Negotiate

Send to the other party for review. Use the LOI to start discussions before finalizing a definitive agreement.

✍️ Step 4: Sign and Proceed to Purchase Agreement

Once both parties sign the LOI, move forward with due diligence and drafting the final purchase contract.

🎯 Ready to Make Your Intent Clear?

Download the LOI for LLC Purchase and structure your next business deal with confidence.

Key Features of the Letter of Intent Template

• Deal Structure Overview: Identifies whether this is a membership interest or asset purchase.

• Purchase Price & Payment Terms: Includes language for lump sum, installments, or pending negotiation.

• Due Diligence Clause: Grants the buyer time and access to review the business.

• Binding vs. Non-Binding Sections: Lets you choose what terms are enforceable.

• Closing Timeline: Specifies expected milestones and deadlines.

Benefits of Our LOI Template

Clarify Expectations Early

• Get on the Same Page: Reduces the chance of major surprises down the line.

• Save Time and Money: Don’t spend hours drafting a purchase agreement before confirming the basics.

• Establish Good Faith: Creates trust between buyer and seller.

Flexible, Simple, and Professional

• Use as Needed: Great for formal deals or casual buyer interest.

• No Lawyer Required (Yet): Professional-grade language without the upfront legal cost.

• Instant Access: Download and customize within minutes.

Quick Look: Letter of Intent for LLC Purchase

Frequently Asked Questions

Q: What is a Letter of Intent (LOI)?

A: It's a preliminary agreement that outlines basic terms before entering a binding contract. It signals serious interest but gives both parties a chance to review and negotiate.

Q: Is this LOI legally binding?

A: The template includes both binding and non-binding sections. You decide which terms should be enforceable (like confidentiality) and which are just expressions of intent (like price).

Q: Do I still need a purchase agreement later?

A: Yes. The LOI is not a substitute for a full Membership Interest Purchase Agreement or Asset Sale Agreement.

Q: Can I use this for a partial purchase?

A: Yes. It works for partial interest purchases as well as full LLC acquisitions.

Q: Should I use this before sharing financials?

A: Absolutely. It’s a great precursor to a Non-Disclosure Agreement (NDA) or even a condition of access to sensitive info.

Why This Agreement Matters

• Clarifies Serious Intent: Shows buyers and sellers are aligned before going deeper.

• Speeds Up the Process: Gets early agreement on major terms to avoid wasted time.

• Protects Confidential Info: Can include basic confidentiality terms if no NDA is signed yet.

• Professional First Impression: Sets a serious tone for negotiations.