A new name on the account is not the deal
Someone is coming in. Or someone wants out. The group has a number in mind, more or less, and they’d like it done this month.
The number is only part of it. You’re selling, or buying, a slice of the company. That slice has a capital account, a vote, and a stack of promises in the operating agreement. I write those down while everyone still agrees.
What an agreed change includes
Who is buying, who is selling, and the price. How it gets paid. What happens to the profit already earned this year.
An amended operating agreement that shows the new percentages and the new rules. If a buy-sell already exists, the transfer has to follow it, or we amend that too.
Any state filing the change actually requires. Not every buyout needs a new certificate. Some do, especially if the public record lists the managers. I don’t file paperwork for the sake of it.
The capital account is not a vibe
Members sometimes think the buyout price and the capital account are the same number. They often aren’t. One is what you agreed to pay. The other is the tax account your CPA has been keeping.
I don’t prepare that tax account. I ask for it, and I write the purchase so it doesn’t pretend the number is something else. Your CPA should see the draft.
I do this only when people agree
This page is negotiated work. A member who wants in, a member who wants out, and signatures at the end.
If the members are already fighting, or someone is refusing to sign, or you need a judge to force a buyout, that is litigation. I don’t take it. I’ll tell you on the first call and refer you to someone who tries cases.
How it gets priced
A flat fee, quoted after the consult. A single agreed buy-in is simpler than three owners and a payout over time.
No hourly billing. No price on this page. LLC formation is the published business fee, on the pricing page. A member change is not a formation.
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Jon Miller Law, PLLC1010 North 500 East, Suite 200North Salt Lake, UT 84054(801) 872-9889