Common Events that Can Trigger the Buy Out of a Member of a Multi-Member LLC

Common Events that Can Trigger the Buy Out of a Member of a Multi-Member LLC2019-12-23T07:55:14-07:00

by Arizona LLC attorneys Richard Keyt and his son former CPA Richard C. Keyt who have formed 9,200+ Arizona LLCs and have 241 five star Google reviews and a total of 361 five star online reviews.

The purpose of a Buy Sell Agreement or Buyout Agreement is to name events the occurrence of which gives the company and other members an option to buy or require them to buy the membership interest of a member that causes or suffers one of the events (called a “triggering event”).

A Buy Sell Agreement is a contract between the members of an LLC that contains the member’s exit strategy.  When people go into business together it is like a marriage in that over half of all new businesses fail or reach a point where one or more members want to do a “company divorce” and cease being in business with one or more other members.  Without a Buy Sell Agreement that contains an exit strategy members of Arizona LLCs are stuck together indefinitely.

We Prepare Custom Buy Sell Agreements Based on Members’ Input

We do not prepare a Buy Sell Agreement template.  Our Buy Sell Agreement is an extremely customized contract that reflects exactly what the members of the LLC want.  Read the list below to see just some of the many choices our clients have to make when designing our custom Buy Sell Agreement.  To see all of the 31+ optional clauses in our Buy Sell Agreement see our questionnaire.

The table below lists common triggering events that the members of an LLC can include or omit from our custom Buy Sell Agreement.  The members can also add any other triggering events they want/

Questions about Buy Sell Agreements? 

Call or email Rick (the father) at 480-664-7478 & [email protected] or Ricky (the son) at 480-664-7472 & [email protected].

How to Buy a Custom Buy Sell Agreement LLC

Call Us if You Have any Questions

We don’t charge to answer questions about LLCs or Buy Sell Agreements.  Call LLC attorneys Richard C. Keyt (480-664-7472) or his father Richard Keyt (480-664-7478) if you have any questions about LLC Buy Sell Agreements.

How to Buy a Buy Sell Agreement

Option 1: Quickest, Easiest & Most Popular – Telephone (Mon – Fri 8 am – 5 pm)Call and give your information to:

Option 2 Available Online 24/7:  Complete and submit our online Buy Sell Agreement preparation questionnaire.

For People Who Want to Form an LLC Themselves

If you think you might want to create a do-it-yourself Arizona LLC you must read Arizona LLC attorney Richard Keyt’s article called “Arizona LLC Formation Online Checklist (10 Easy Steps).”  This article explains in detail how you can create an Arizona LLC online for $85 in 10 – 15 minutes.

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