ASSUMPTION OF PERSONAL
DEBT BY NEW MEMBER
As
consideration for the interest of ________________________________________
________________________________________
(Name and Address)
in the assets of ______________________________________ (Name of LLC), hereinafter the LLC, the
firm agrees to pay _________ percent (___%) of the personal indebtedness
incurred by ______________________________________ (Name) in the purchase of property and in conducting the
business of the LLC.
_______________________________________ ____________________
Signature and
Title Date
_______________________________________ ____________________
Signature and
Title Date
_______________________________________ ____________________
Signature and
Title Date
