This week’s free forms download is an Assignment of LLC Interest form.
I get asked a lot what to do when you have a partner in an LLC that wants out.
First, you punch him. (Just kidding. Or not.)
I just have him assign me or a new partner his interest in the LLC for a fee and we sign an Assignment of LLC Interest form. Yep, in most cases it really is THAT easy.
TIP: This form also works if you want to flip a HUD contract. Since they are not assignable, you can bid in an LLC and if you win assign it by assigning the LLC. Sweet!
Remember, we’re not lawyers so these free real estate forms are provided for educational purposes only. If you decide to use them, make sure you have a competent legal professional give you the thumbs up! For more info see our website terms and conditions of use.