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PRACTICE SMART. PLAY HARD.™
PRACTICE SMART. PLAY HARD.™
PRACTICE SMART. PLAY HARD.™
PRACTICE SMART. PLAY HARD.™
If neither the Company nor the Members exercise this right within [30] days, the Member may sell to the third party at the specified price. [X].4 Mandatory Buyout (Death or Disability)
Upon the death or permanent disability of a Member, the Company (or the remaining Members) shall be obligated to purchase, and the affected Member (or their estate) shall be obligated to sell, the entirety of their Membership Interest. llc operating agreement buy sell provisions
Unless otherwise agreed, the purchase price shall be paid as follows: A down payment of [20]% at closing. If neither the Company nor the Members exercise
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. they may "drag" the minority Members
If neither the Company nor the Members exercise this right within [30] days, the Member may sell to the third party at the specified price. [X].4 Mandatory Buyout (Death or Disability)
Upon the death or permanent disability of a Member, the Company (or the remaining Members) shall be obligated to purchase, and the affected Member (or their estate) shall be obligated to sell, the entirety of their Membership Interest.
Unless otherwise agreed, the purchase price shall be paid as follows: A down payment of [20]% at closing.
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.