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Chapter 4

Scope of Chapter

This chapter discusses the business (see §§4.4–4.17) and tax (§§4.18–4.45) issues the practitioner should consider when drafting a partnership or limited liability company (LLC) buy-sell agreement. It includes a partnership buy-sell agreement form with several alternative clauses (see §§4.46–4.64), including limited partnership form provisions (see §§4.65–4.69) that permit the agreement to be tailored to each client’s needs, and an LLC buy-sell agreement (see §§4.73–4.111).

Here is the link to the complete chapter on Partnership and LLC Buy-Sell Agreements

Reprinted from Business Buy-Sell Agreements, copyright 2012 by the Regents of the University of California. Reproduced with permission of Continuing Education of the Bar – California (CEB). All rights reserved. (For information about CEB publications, telephone toll free 1-800-CEB-3444 or visit our web site,