Minneapolis Minnesota Assignment of Membership Interest
Category:
State:
Multi-State
City:
Minneapolis
Control #:
US-SB-BTF-LLC-MI-1-01
Format:
Word;
Rich Text
Instant download
Description
An assignment of membership interest is a legal document that allows members of a Limited Liability Company (or LLC) to reassign their interest in the company to a different party. LLC laws are different from state to state, so what's required in an assignment of membership agreement changes.
Typically seen when a member wishes to exit a business, the assignment of membership interest agreement is used when transferring membership interest to another person. It is possible to transfer membership of an LLC to something like a revocable trust but requires those terms and conditions to be set in the assignment agreement.
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