this is the third blog post in our business law acronym series that focuses on defining some of the most commonly used acronyms in business law. a “mipa” is a “membership interest purchase agreement.” a mipa is used by a member of an llc to sell all or a portion of his or her membership interest in the llc to another party. the key terms in a mipa include the purchase price, instructions for closing, and representations and warranties for each party. the parties will want to ensure that the transfer complies with any applicable restriction, and may want to have the new member execute a subscription agreement expressly accepting the terms of the operating agreement or buy-sell agreement. the key terms in the spa will include a purchase price, representations and warranties of both parties, and instructions for closing.
the agreement should indicate whether the securities are registered, and if not, should contain a variety of representations and warranties relevant to any applicable exception to the security registration requirements. an “apa” is an “asset purchase agreement.” apas are used to sell all or some of the assets of a business, rather than an interest in the llc or corporation. the assets may include tangible property, such as office equipment, a building, and inventory, as well as intangible property, such as intellectual property and goodwill. key terms of an apa will include the purchase price, a list of assets, and representations and warranties of both parties. if you need help drafting an agreement to sell an interest in your business or to sell your business assets, please give us a call at 208.215.2411 or contact us using our webform here.
whereas, the buyer desires to purchase from the seller, and the seller desires to sell to the buyer, all of the seller’s membership interests and units in an interest purchase agreement expresses ownership of a limited liability company and gives you voting and interest in the company. a membership interest purchase agreement includes how much of the seller’s interest is being transferred, the sale price and how and when the funds will change, membership interest purchase agreement pdf, membership interest purchase agreement pdf, partnership interest purchase agreement template pdf, llc membership purchase agreement pdf, purchasing membership interest in llc.
an llc membership purchase agreement is a document used when a member of an llc (a limited liability company) wishes to sell their interest, or a portion of it relates to the purchase and sale of the membership interests shall be deemed to be merged into this agreement and if there are any differences. a short-form agreement for the purchase and sale of a minority membership interest in a private us limited liability company, drafted in favor of the buyer., florida llc membership interest purchase agreement, membership interest purchase agreement tax treatment, membership interest purchase agreement real estate, membership interest purchase agreement california, california llc membership interest purchase agreement, membership interest purchase agreement vs asset purchase agreement, membership interest purchase agreement sec, purchase of llc membership interest tax treatment, membership interest and asset purchase agreement, option to purchase membership interest.
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