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Other names for the document:

Assignment of partnership interest to trust
Assignment of partnership interest pdf
Transfer of partnership interest by gift
Transfer of membership interest in llc california
The assignment of limited partnership interests quizlet
Llc transfer of ownership form
Sale of membership interest in llc form
Partnership buy sell agreement sample

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An assignment of interest is a transfer of a limited liability company (LLC) owner's interest in the LLC. The most common reasons for an LLC owner to transfer their interest in an LLC are to leave the LLC, to pay off a debt, or to secure a loan.
"Partnership interest" means a partner's share of the profits and losses of a limited partnership and the right to receive distributions of partnership assets.
A limited partner's interest in the partnership is personal property. A limited partner's interest is assignable. A substituted limited partner is a person admitted to all the rights of a limited partner who has died or has assigned his interest in a partnership.
Name of your partnership. Contributions to the partnership and percentage of ownership. Division of profits, losses and draws. Partners' authority. Withdrawal or death of a partner.