Free LLC Bill of Sale Template
Use this bill of sale template to document the transfer of personal property or membership interest into or out of your LLC. Whether you’re contributing assets for ownership or selling your membership interest, this form ensures proper documentation for legal clarity.
DOWNLOAD BILL OF SALE TEMPLATE
What Is an LLC Bill of Sale?
A bill of sale formally records the transfer of assets into or out of your LLC—whether cash, equipment, or membership interest. It confirms the agreed ownership value, date of transfer, and signatures from all parties involved. Ideal for capital contributions or inter-company asset transfers.
What Should the Bill of Sale Include?
- LLC Name & Member(s): Clearly identify the business and parties involved.
- Asset Descriptions & Value: Describe each item and assign an agreed fair market value.
- Sale Type Statement: If membership interests are transferred, document the percentage of ownership change.
- “As is” Clause: Note that assets are transferred without warranty and free of encumbrances.
- Dates & Signatures: Include signature lines and dates for the seller, buyer (or contributing member), and any LLC representatives.
Why Use a Bill of Sale?
Supports liability and tax documentation
Proper documentation of asset transfers or capital contributions helps maintain the legal separation between personal and business assets—and supports accurate basis tracking for tax purposes.:contentReference[oaicite:7]{index=7}
Clarifies ownership changes
Transferring membership interests or admitting new members becomes easier and dispute-free when backed by a signed, detailed bill of sale.
