When entering into an interest purchase agreement, you must ensure 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. If you have a limited liability company (LLC) in the United States, you may meet a long-term agreement to purchase and sell the remaining interest of the members. 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. However, they can only transfer the ownership of LLC to another person if members of the partnership agreement and state laws agree to it on full substitutions. When drafting the sales contract, you should include the following: You should also establish a sales contract between you and each authorized party in order to receive your share of the business. There is no specific format for transferring stakes within an LLC. 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. The contract, designed in favour of the buyer, assumes that there is only one buyer and one seller. In addition, it is considered that the signing and closing of the transaction is not simultaneous.