Small Business Contracts

LLC Membership Interest Assignment

Transfer units in an LLC, with or without admitting the assignee as a member.

What you get

  • An editable Word document, drafted from your answers and the state's official text.
  • A proof of sources: every citation in the draft with the words it quotes, the official source, the date the text was saved and its fingerprint.
  • Notes for counsel listing each point marked [VERIFY], each blank and each choice left for the client.

What the intake asks

Plain questions, in the order an attorney would take the facts. Anything left blank stays a marked blank in the draft; nothing is invented to fill it.

The parties

  • Your client is the
  • Company's legal name
  • Company details
  • Assignor's legal name
  • Assignor details
  • Assignee's legal name
  • Assignee details

The assignment

  • The interest assigned
  • Consideration
  • Rights the assignee receives
  • Consents and waivers
  • Representations
  • Effective date

Signing

  • How will this be signed
  • Other instructions or open decisions

Where it is offered

Every state Lawsmith has official sources for:

Official sources on file

The drafter works from the texts Lawsmith has saved for this document in the state you choose, plus federal law where it applies. Each is read from the official publisher and dated.

StateSources for this document
California45
Connecticut42
Delaware55
District of Columbia48
Florida54
Maryland41
Massachusetts49
New Jersey48
New York49
Ohio32
Pennsylvania46
Texas67
Virginia43

Among them, for New Jersey:

  • N.J.S.A. 2A:14-1: 6 years
  • N.J.S.A. 42:2C-10 Reservation of name.
  • N.J.S.A. 42:2C-11 Operating agreement; scope, function, and limitations.
  • N.J.S.A. 42:2C-12 Operating agreement; effect on limited liability company and persons becoming members; preformation agreement.
  • N.J.S.A. 42:2C-13 Operating agreement; effect on third parties and relationship to records effective on behalf of limited liability company.

How the draft is checked

Before it writes, the drafter must quote the official text behind each citation. Lawsmith compares every quotation with the text on file, character for character; a citation with no checked quotation reaches you marked [VERIFY]. The draft still needs your review before it is signed, filed or sent. How citations are checked

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