How to draft a Membership Interest Purchase Agreement for your ???? LLC

How to draft a Membership Interest Purchase Agreement for your ???? LLC

The legalization of ???? has created a new industry and many businesses are looking to get involved. However, there are some things to consider before diving in. One important thing to keep in mind is that if you want to sell the membership interest of your LLC, you’ll need a Membership Interest Purchase Agreement (MIPA).

A MIPA differs from an Asset Purchase Agreement (APA) in that it sells the LLC membership interest, which includes both assets and liabilities. When drafting a MIPA, it’s important to be clear about what is being sold and transferred, as well as any stipulations or conditions attached to the sale.

If you’re thinking about selling your ???? LLC, make sure you have a solid MIPA in place to protect your interests. ???? industry lawyer can help you navigate the legal landscape and ensure that your agreement is ironclad.

For more information on MIPAs and the ???? industry, check out our blog.

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Extracted from the live show: https://youtu.be/-V_SIx3Vfs8

Please be 21+ because this is about the legal & legitimately lawful (at the state level) ???? industry.

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Thomas Howard

a seasoned cannabis business attorney, entrepreneur, and advocate with over a decade of hands-on experience navigating complex cannabis regulations across the United States. As the founder of Cannabis Industry Lawyer and co-host of Cannabis Legalization News, Tom has helped clients win cannabis licenses in multiple states, advised startups from seed to sale, and litigated key industry cases involving constitutional challenges and regulatory disputes. He’s personally built and launched cannabis businesses, giving him a rare combination of legal expertise and real-world operational insight. Tom has studied thousands of pages of cannabis laws and rules, testified on legalization issues, and regularly appears in media to break down developments in plain English. His mission: to fight outdated prohibition, empower entrepreneurs, and provide trustworthy, actionable information to anyone building a future in the legal cannabis industry.
Picture of Thomas Howard

Thomas Howard

a seasoned cannabis business attorney, entrepreneur, and advocate with over a decade of hands-on experience navigating complex cannabis regulations across the United States. As the founder of Cannabis Industry Lawyer and co-host of Cannabis Legalization News, Tom has helped clients win cannabis licenses in multiple states, advised startups from seed to sale, and litigated key industry cases involving constitutional challenges and regulatory disputes. He’s personally built and launched cannabis businesses, giving him a rare combination of legal expertise and real-world operational insight. Tom has studied thousands of pages of cannabis laws and rules, testified on legalization issues, and regularly appears in media to break down developments in plain English. His mission: to fight outdated prohibition, empower entrepreneurs, and provide trustworthy, actionable information to anyone building a future in the legal cannabis industry.

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