Then you will consult an LLC status in the state where the LLC started. You should do so if your LLC does not have a business agreement stating a buy and sell rule, or if you fail to reach an agreement to transfer your shares to other members. A contract for the sale of interest expresses ownership of a limited liability company and gives you the right to vote and interest in the company. Read 3 min When you enter into an interest purchase agreement, you need to make sure that the document indicates certain aspects. A few examples are: a contract between partners or members of a company is an enterprise agreement. This document indicates that members agree in writing to transfer the ownership shares to the new party. When drafting the sales contract, you should include the following: Designed in favour of the buyer, the contract assumes that there is only one buyer and seller. In addition, it is considered that the signing and closing of the transaction is not simultaneous. If you need help with a sales contract, you can publish your legal needs in the UpCounsel marketplace. UpCounsel only accepts the top five percent of lawyers on its website. UpCounsel`s lawyers come from law schools such as Harvard Law and Yale Law and on average 14 years of legal experience, including working with or on behalf of companies such as Google, Menlo Ventures and Airbnb. You cannot sell or give to another party the property or interest rate agreement used for an LLC. This is unlike shares in a company.