{"id":9207,"date":"2017-09-28T19:16:29","date_gmt":"2017-09-29T02:16:29","guid":{"rendered":"https:\/\/www.keytlaw.com\/azllclaw\/?page_id=9207"},"modified":"2017-09-29T15:25:19","modified_gmt":"2017-09-29T22:25:19","slug":"bsa","status":"publish","type":"page","link":"https:\/\/www.keytlaw.com\/azllclaw\/bsa\/","title":{"rendered":"Buy Sell Agreement Modification Questionnaire"},"content":{"rendered":"<p style=\"text-align: justify;\">You or a member of your LLC should have received a pdf version of a Buy Sell Agreement prepared for your LLC if you paid an additional amount for the document.\u00a0 If you have not already done so make sure that all members of the LLC are given a copy of the pdf file that contains the Buy Sell Agreement.\u00a0 Ask all members to review the proposed agreement and discuss potential modifications.<\/p>\n<p style=\"text-align: justify;\">Next one of the members should complete this modification questionnaire. If you don&#8217;t have time to finish the questionnaire in one sitting, click on the &#8220;Save and Continue&#8221; link at the end of the questionnaire to get a link you can use to save your work and return later to finish.<\/p>\n<p style=\"text-align: justify;\">When you click on the &#8220;Submit&#8221; button at the end of the questionnaire we will send an email message to the email address entered in the questionnaire so you can review your information.\u00a0 If you find a mistake or want to change anything click on the &#8220;reply&#8221; button and tell us what you want to change.<\/p>\n<script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\nvar gform;gform||(document.addEventListener(\"gform_main_scripts_loaded\",function(){gform.scriptsLoaded=!0}),document.addEventListener(\"gform\/theme\/scripts_loaded\",function(){gform.themeScriptsLoaded=!0}),window.addEventListener(\"DOMContentLoaded\",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>\"function\"==typeof InitializeEditor,callIfLoaded:function(o){return!(!gform.domLoaded||!gform.scriptsLoaded||!gform.themeScriptsLoaded&&!gform.isFormEditor()||(gform.isFormEditor()&&console.warn(\"The use of gform.initializeOnLoaded() is deprecated in the form editor context and will be removed in Gravity Forms 3.1.\"),o(),0))},initializeOnLoaded:function(o){gform.callIfLoaded(o)||(document.addEventListener(\"gform_main_scripts_loaded\",()=>{gform.scriptsLoaded=!0,gform.callIfLoaded(o)}),document.addEventListener(\"gform\/theme\/scripts_loaded\",()=>{gform.themeScriptsLoaded=!0,gform.callIfLoaded(o)}),window.addEventListener(\"DOMContentLoaded\",()=>{gform.domLoaded=!0,gform.callIfLoaded(o)}))},hooks:{action:{},filter:{}},addAction:function(o,r,e,t){gform.addHook(\"action\",o,r,e,t)},addFilter:function(o,r,e,t){gform.addHook(\"filter\",o,r,e,t)},doAction:function(o){gform.doHook(\"action\",o,arguments)},applyFilters:function(o){return gform.doHook(\"filter\",o,arguments)},removeAction:function(o,r){gform.removeHook(\"action\",o,r)},removeFilter:function(o,r,e){gform.removeHook(\"filter\",o,r,e)},addHook:function(o,r,e,t,n){null==gform.hooks[o][r]&&(gform.hooks[o][r]=[]);var d=gform.hooks[o][r];null==n&&(n=r+\"_\"+d.length),gform.hooks[o][r].push({tag:n,callable:e,priority:t=null==t?10:t})},doHook:function(r,o,e){var t;if(e=Array.prototype.slice.call(e,1),null!=gform.hooks[r][o]&&((o=gform.hooks[r][o]).sort(function(o,r){return o.priority-r.priority}),o.forEach(function(o){\"function\"!=typeof(t=o.callable)&&(t=window[t]),\"action\"==r?t.apply(null,e):e[0]=t.apply(null,e)})),\"filter\"==r)return e[0]},removeHook:function(o,r,t,n){var e;null!=gform.hooks[o][r]&&(e=(e=gform.hooks[o][r]).filter(function(o,r,e){return!!(null!=n&&n!=o.tag||null!=t&&t!=o.priority)}),gform.hooks[o][r]=e)}});\n\/* ]]> *\/\n<\/script>\n\n                <div class='gf_browser_gecko gform_wrapper gform_legacy_markup_wrapper gform-theme--no-framework' data-form-theme='legacy' data-form-index='0' id='gform_wrapper_75' style='display:none'><form method='post' enctype='multipart\/form-data'  id='gform_75'  action='\/azllclaw\/wp-json\/wp\/v2\/pages\/9207' data-formid='75' novalidate>\n                        <div class='gform-body gform_body'><ul id='gform_fields_75' class='gform_fields top_label form_sublabel_above description_above validation_below'><li id=\"field_75_1\" class=\"gfield gfield--type-text gf_left_half gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_75_1'>Company&#039;s Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_1' id='input_75_1' type='text' value='' class='small'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/li><li id=\"field_75_4\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Purpose of this Questionnaire<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_4'>\n\t\t\t<li class='gchoice gchoice_75_4_0'>\n\t\t\t\t<input name='input_4' type='radio' value='The above-referenced company desires to modify the proposed Buy Sell Agreement prepared by Richard Keyt as indicated below in these instructions. This questionnaire goes hand in hand with the Buy Sell Agreement. The information you submit in this questionnaire will be used by Richard Keyt to modify the Buy Sell Agreement.  Please answer all of the questions below so we will know how to modify your Buy Sell Agreement.' checked='checked' id='choice_75_4_0'    \/>\n\t\t\t\t<label for='choice_75_4_0' id='label_75_4_0' class='gform-field-label gform-field-label--type-inline'>The above-referenced company desires to modify the proposed Buy Sell Agreement prepared by Richard Keyt as indicated below in these instructions. This questionnaire goes hand in hand with the Buy Sell Agreement. The information you submit in this questionnaire will be used by Richard Keyt to modify the Buy Sell Agreement.  Please answer all of the questions below so we will know how to modify your Buy Sell Agreement.<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_3\" class=\"gfield gfield--type-date gfield--input-type-datepicker gfield--datepicker-default-icon gf_right_half gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_75_3'>Questionnaire Date<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_date'>\n                            <input name='input_3' id='input_75_3' type='text' value='07\/14\/2026' class='datepicker gform-datepicker mdy datepicker_with_icon gdatepicker_with_icon'   placeholder='mm\/dd\/yyyy' aria-describedby=\"input_75_3_date_format\" aria-invalid=\"false\" aria-required=\"true\"\/>\n                            <span id='input_75_3_date_format' class='screen-reader-text'>MM slash DD slash YYYY<\/span>\n                        <\/div>\n                        <input type='hidden' id='gforms_calendar_icon_input_75_3' class='gform_hidden' value='https:\/\/www.keytlaw.com\/azllclaw\/wp-content\/plugins\/gravityforms\/images\/datepicker\/datepicker.svg'\/><\/li><li id=\"field_75_5\" class=\"gfield gfield--type-text gf_left_half gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_75_5'>Who is Completing this Questionnaire?<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_5' id='input_75_5' type='text' value='' class='small'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/li><li id=\"field_75_7\" class=\"gfield gfield--type-phone gf_right_half gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_75_7'>Your Phone Number<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_phone'><input name='input_7' id='input_75_7' type='tel' value='' class='small'   aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/li><li id=\"field_75_6\" class=\"gfield gfield--type-email gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >Your Email Address<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_complex ginput_container ginput_container_email gform-grid-row' id='input_75_6_container'>\n                                <span id='input_75_6_1_container' class='ginput_left gform-grid-col gform-grid-col--size-auto'>\n                                    <label for='input_75_6' class='gform-field-label gform-field-label--type-sub '>Enter Email<\/label>\n                                    <input class='' type='email' name='input_6' id='input_75_6' value=''    aria-required=\"true\" aria-invalid=\"false\"  \/>\n                                <\/span>\n                                <span id='input_75_6_2_container' class='ginput_right gform-grid-col gform-grid-col--size-auto'>\n                                    <label for='input_75_6_2' class='gform-field-label gform-field-label--type-sub '>Confirm Email<\/label>\n                                    <input class='' type='email' name='input_6_2' id='input_75_6_2' value=''    aria-required=\"true\" aria-invalid=\"false\"  \/>\n                                <\/span>\n                                <div class='gf_clear gf_clear_complex'><\/div>\n                            <\/div><\/li><li id=\"field_75_13\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Information About the Following Questions<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_13'>\n\t\t\t<li class='gchoice gchoice_75_13_0'>\n\t\t\t\t<input name='input_13' type='radio' value='The following questions start with a section number that corresponds to the same section in the Buy Sell Agreement.  The purpose of the questions is for you to tell us to keep or delete provisions in the BSA or edit provisions.  While completing this questionnaire we recommend that you have the BSA handy to refer to.' checked='checked' id='choice_75_13_0'    \/>\n\t\t\t\t<label for='choice_75_13_0' id='label_75_13_0' class='gform-field-label gform-field-label--type-inline'>The following questions start with a section number that corresponds to the same section in the Buy Sell Agreement.  The purpose of the questions is for you to tell us to keep or delete provisions in the BSA or edit provisions.  While completing this questionnaire we recommend that you have the BSA handy to refer to.<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_9\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Section 3.8 Recipients of gifts of Membership Interests can automatically become a Member<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_9'>\n\t\t\t<li class='gchoice gchoice_75_9_0'>\n\t\t\t\t<input name='input_9' type='radio' value='Retain this provision' checked='checked' id='choice_75_9_0'    \/>\n\t\t\t\t<label for='choice_75_9_0' id='label_75_9_0' class='gform-field-label gform-field-label--type-inline'>Retain this provision<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_9_1'>\n\t\t\t\t<input name='input_9' type='radio' value='Prohibit members from making gifts of membership interests without first getting the approval of the members'  id='choice_75_9_1'    \/>\n\t\t\t\t<label for='choice_75_9_1' id='label_75_9_1' class='gform-field-label gform-field-label--type-inline'>Prohibit members from making gifts of membership interests without first getting the approval of the members<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_10\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Section 6.1.e A Member who is an Employee Member becomes an Adverse Member if he or she ceases to be employed by the Company<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_10'>\n\t\t\t<li class='gchoice gchoice_75_10_0'>\n\t\t\t\t<input name='input_10' type='radio' value='Retain this provision, which means that a member who is employed full time as an employee who ceases employment could have his or her membership interest acquired under the BSA' checked='checked' id='choice_75_10_0'    \/>\n\t\t\t\t<label for='choice_75_10_0' id='label_75_10_0' class='gform-field-label gform-field-label--type-inline'>Retain this provision, which means that a member who is employed full time as an employee who ceases employment could have his or her membership interest acquired under the BSA<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_10_1'>\n\t\t\t\t<input name='input_10' type='radio' value='Delete this provision'  id='choice_75_10_1'    \/>\n\t\t\t\t<label for='choice_75_10_1' id='label_75_10_1' class='gform-field-label gform-field-label--type-inline'>Delete this provision<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_11\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Section 6.1.f A Member becomes Totally Disabled for 12 months<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_11'>\n\t\t\t<li class='gchoice gchoice_75_11_0'>\n\t\t\t\t<input name='input_11' type='radio' value='Keep this provision'  id='choice_75_11_0'    \/>\n\t\t\t\t<label for='choice_75_11_0' id='label_75_11_0' class='gform-field-label gform-field-label--type-inline'>Keep this provision<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_11_1'>\n\t\t\t\t<input name='input_11' type='radio' value='Keep this provision but change the disability period'  id='choice_75_11_1'    \/>\n\t\t\t\t<label for='choice_75_11_1' id='label_75_11_1' class='gform-field-label gform-field-label--type-inline'>Keep this provision but change the disability period<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_11_2'>\n\t\t\t\t<input name='input_11' type='radio' value='Delete this provision' checked='checked' id='choice_75_11_2'    \/>\n\t\t\t\t<label for='choice_75_11_2' id='label_75_11_2' class='gform-field-label gform-field-label--type-inline'>Delete this provision<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_14\" class=\"gfield gfield--type-text gfield_contains_required field_sublabel_above gfield--has-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_75_14'>Section 6.1.f Revised Disability Period<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='gfield_description' id='gfield_description_75_14'><p>How many months before the disability causes a member to become an Adverse Member?<\/div><div class='ginput_container ginput_container_text'><input name='input_14' id='input_75_14' type='text' value='' class='small'  aria-describedby=\"gfield_description_75_14\"   aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/li><li id=\"field_75_12\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Section 6.1.g A Member is convicted of a felony involving violence, theft, fraud, misrepresentation or the sale or possession of an illegal substance<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_12'>\n\t\t\t<li class='gchoice gchoice_75_12_0'>\n\t\t\t\t<input name='input_12' type='radio' value='Keep this provision'  id='choice_75_12_0'    \/>\n\t\t\t\t<label for='choice_75_12_0' id='label_75_12_0' class='gform-field-label gform-field-label--type-inline'>Keep this provision<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_12_1'>\n\t\t\t\t<input name='input_12' type='radio' value='Delete thisprovision' checked='checked' id='choice_75_12_1'    \/>\n\t\t\t\t<label for='choice_75_12_1' id='label_75_12_1' class='gform-field-label gform-field-label--type-inline'>Delete thisprovision<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_15\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Section 7.3 First the Company and then the other Members have an option to purchase the Membership Interest of a deceased Member<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_15'>\n\t\t\t<li class='gchoice gchoice_75_15_0'>\n\t\t\t\t<input name='input_15' type='radio' value='Retain this provision' checked='checked' id='choice_75_15_0'    \/>\n\t\t\t\t<label for='choice_75_15_0' id='label_75_15_0' class='gform-field-label gform-field-label--type-inline'>Retain this provision<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_15_1'>\n\t\t\t\t<input name='input_15' type='radio' value='Delete this provision'  id='choice_75_15_1'    \/>\n\t\t\t\t<label for='choice_75_15_1' id='label_75_15_1' class='gform-field-label gform-field-label--type-inline'>Delete this provision<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_16\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Section 7.3 Buy Out after a Member&#039;s Death be Mandatory or Optional?<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_16'>\n\t\t\t<li class='gchoice gchoice_75_16_0'>\n\t\t\t\t<input name='input_16' type='radio' value='Optional buy out' checked='checked' id='choice_75_16_0'    \/>\n\t\t\t\t<label for='choice_75_16_0' id='label_75_16_0' class='gform-field-label gform-field-label--type-inline'>Optional buy out<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_16_1'>\n\t\t\t\t<input name='input_16' type='radio' value='Mandatory buy out'  id='choice_75_16_1'    \/>\n\t\t\t\t<label for='choice_75_16_1' id='label_75_16_1' class='gform-field-label gform-field-label--type-inline'>Mandatory buy out<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_17\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--has-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Section 7.3 Last Paragraph<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='gfield_description' id='gfield_description_75_17'>If the Members retain Section 7.3, do you want to retain the last paragraph that provides for an upward adjustment in the Purchase Price if the buyer resells the purchased Membership Interest for more than 20% within two years of the purchase?<\/div><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_17'>\n\t\t\t<li class='gchoice gchoice_75_17_0'>\n\t\t\t\t<input name='input_17' type='radio' value='Retain  the last paragraph that provides for an upward adjustment in the Purchase Price if the buyer resells the purchased Membership Interest for more than 20% within two years of the purchase' checked='checked' id='choice_75_17_0'    \/>\n\t\t\t\t<label for='choice_75_17_0' id='label_75_17_0' class='gform-field-label gform-field-label--type-inline'>Retain  the last paragraph that provides for an upward adjustment in the Purchase Price if the buyer resells the purchased Membership Interest for more than 20% within two years of the purchase<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_17_1'>\n\t\t\t\t<input name='input_17' type='radio' value='Delete  the last paragraph that provides for an upward adjustment in the Purchase Price if the buyer resells the purchased Membership Interest for more than 20% within two years of the purchase'  id='choice_75_17_1'    \/>\n\t\t\t\t<label for='choice_75_17_1' id='label_75_17_1' class='gform-field-label gform-field-label--type-inline'>Delete  the last paragraph that provides for an upward adjustment in the Purchase Price if the buyer resells the purchased Membership Interest for more than 20% within two years of the purchase<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_18\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Section 7.6 Which method do the Members want to use to determine the Purchase Price of a Membership Interest that is to be sold?<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_18'>\n\t\t\t<li class='gchoice gchoice_75_18_0'>\n\t\t\t\t<input name='input_18' type='radio' value='Stated Dollar Value'  id='choice_75_18_0'    \/>\n\t\t\t\t<label for='choice_75_18_0' id='label_75_18_0' class='gform-field-label gform-field-label--type-inline'>Stated Dollar Value<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_18_1'>\n\t\t\t\t<input name='input_18' type='radio' value='Appraisal' checked='checked' id='choice_75_18_1'    \/>\n\t\t\t\t<label for='choice_75_18_1' id='label_75_18_1' class='gform-field-label gform-field-label--type-inline'>Appraisal<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_18_2'>\n\t\t\t\t<input name='input_18' type='radio' value='Average of Two Appraisals'  id='choice_75_18_2'    \/>\n\t\t\t\t<label for='choice_75_18_2' id='label_75_18_2' class='gform-field-label gform-field-label--type-inline'>Average of Two Appraisals<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_18_3'>\n\t\t\t\t<input name='input_18' type='radio' value='Book Value'  id='choice_75_18_3'    \/>\n\t\t\t\t<label for='choice_75_18_3' id='label_75_18_3' class='gform-field-label gform-field-label--type-inline'>Book Value<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_18_4'>\n\t\t\t\t<input name='input_18' type='radio' value='Capitalized Three Years&#039; Earnings'  id='choice_75_18_4'    \/>\n\t\t\t\t<label for='choice_75_18_4' id='label_75_18_4' class='gform-field-label gform-field-label--type-inline'>Capitalized Three Years' Earnings<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_18_5'>\n\t\t\t\t<input name='input_18' type='radio' value='Weighted Capitalization of Three Years&#039; Earnings'  id='choice_75_18_5'    \/>\n\t\t\t\t<label for='choice_75_18_5' id='label_75_18_5' class='gform-field-label gform-field-label--type-inline'>Weighted Capitalization of Three Years' Earnings<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_18_6'>\n\t\t\t\t<input name='input_18' type='radio' value='none of the above \u2013 use the method set forth below'  id='choice_75_18_6'    \/>\n\t\t\t\t<label for='choice_75_18_6' id='label_75_18_6' class='gform-field-label gform-field-label--type-inline'>none of the above \u2013 use the method set forth below<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_19\" class=\"gfield gfield--type-textarea gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_75_19'>Section 7.6 Explain Your Valuation Method<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_19' id='input_75_19' class='textarea medium'     aria-required=\"true\" aria-invalid=\"false\"   rows='10' cols='50'><\/textarea><\/div><\/li><li id=\"field_75_20\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Section 8.3 If a buy out on the death of a Member is funded with life insurance and the amount of the life insurance proceeds exceeds the Purchase Price what happens to the excess proceeds?<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_20'>\n\t\t\t<li class='gchoice gchoice_75_20_0'>\n\t\t\t\t<input name='input_20' type='radio' value='Excess life insurance goes to buyer'  id='choice_75_20_0'    \/>\n\t\t\t\t<label for='choice_75_20_0' id='label_75_20_0' class='gform-field-label gform-field-label--type-inline'>Excess life insurance goes to buyer<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_20_1'>\n\t\t\t\t<input name='input_20' type='radio' value='Excess life insurance goes to seller' checked='checked' id='choice_75_20_1'    \/>\n\t\t\t\t<label for='choice_75_20_1' id='label_75_20_1' class='gform-field-label gform-field-label--type-inline'>Excess life insurance goes to seller<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_21\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Article 9 Do you want to retain Article 9 Involuntary Buy Out of a Member, aka the \u201cShot Gun Buy Out\u201d procedure?<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_21'>\n\t\t\t<li class='gchoice gchoice_75_21_0'>\n\t\t\t\t<input name='input_21' type='radio' value='Retain Article 9, the Shot Gun Buy Out'  id='choice_75_21_0'    \/>\n\t\t\t\t<label for='choice_75_21_0' id='label_75_21_0' class='gform-field-label gform-field-label--type-inline'>Retain Article 9, the Shot Gun Buy Out<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_21_1'>\n\t\t\t\t<input name='input_21' type='radio' value='Delete Article 9, the Shot Gun Buy Out' checked='checked' id='choice_75_21_1'    \/>\n\t\t\t\t<label for='choice_75_21_1' id='label_75_21_1' class='gform-field-label gform-field-label--type-inline'>Delete Article 9, the Shot Gun Buy Out<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_22\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Article 10 Do you want to retain Article 10 Noncompetition &amp; Nonsolicitation of Employees?<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_22'>\n\t\t\t<li class='gchoice gchoice_75_22_0'>\n\t\t\t\t<input name='input_22' type='radio' value='Retain Article 10' checked='checked' id='choice_75_22_0'    \/>\n\t\t\t\t<label for='choice_75_22_0' id='label_75_22_0' class='gform-field-label gform-field-label--type-inline'>Retain Article 10<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_22_1'>\n\t\t\t\t<input name='input_22' type='radio' value='Delete Article 10'  id='choice_75_22_1'    \/>\n\t\t\t\t<label for='choice_75_22_1' id='label_75_22_1' class='gform-field-label gform-field-label--type-inline'>Delete Article 10<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_24\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Do You Have any Additional Changes You Want to Make to the Buy Sell Agreement or Any Questions?<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_24'>\n\t\t\t<li class='gchoice gchoice_75_24_0'>\n\t\t\t\t<input name='input_24' type='radio' value='Yes'  id='choice_75_24_0'    \/>\n\t\t\t\t<label for='choice_75_24_0' id='label_75_24_0' class='gform-field-label gform-field-label--type-inline'>Yes<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_24_1'>\n\t\t\t\t<input name='input_24' type='radio' value='No' checked='checked' id='choice_75_24_1'    \/>\n\t\t\t\t<label for='choice_75_24_1' id='label_75_24_1' class='gform-field-label gform-field-label--type-inline'>No<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_25\" class=\"gfield gfield--type-textarea field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_75_25'>Additional Changes or Questions<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_25' id='input_75_25' class='textarea medium'      aria-invalid=\"false\"   rows='10' cols='50'><\/textarea><\/div><\/li><li id=\"field_75_23\" class=\"gfield gfield--type-section gsection field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><h2 class=\"gsection_title\">The Next Step to Finalize the Buy Sell Agreement<\/h2><\/li><li id=\"field_75_28\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Attorney Conference Information<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_28'>\n\t\t\t<li class='gchoice gchoice_75_28_0'>\n\t\t\t\t<input name='input_28' type='radio' value='A phone or office conference with Richard C. Keyt to discuss the Buy Sell Agreement is optional.  The purpose of the conference is to answer members\u2019 questions about the Buy Sell Agreement and for the group to discuss and agree on any changes the members want to make to the document. Your purchase of the Buy Sell Agreement includes up to one hour of attorney time modifying and answering questions about the Buy Sell Agreement.' checked='checked' id='choice_75_28_0'    \/>\n\t\t\t\t<label for='choice_75_28_0' id='label_75_28_0' class='gform-field-label gform-field-label--type-inline'>A phone or office conference with Richard C. Keyt to discuss the Buy Sell Agreement is optional.  The purpose of the conference is to answer members\u2019 questions about the Buy Sell Agreement and for the group to discuss and agree on any changes the members want to make to the document. Your purchase of the Buy Sell Agreement includes up to one hour of attorney time modifying and answering questions about the Buy Sell Agreement.<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_75_26\" class=\"gfield gfield--type-radio gfield--type-choice field_sublabel_above gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >Do You or the Members Want a Conference with Richard C. Keyt to Discuss the Buy Sell Agreement?<\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_75_26'>\n\t\t\t<li class='gchoice gchoice_75_26_0'>\n\t\t\t\t<input name='input_26' type='radio' value='No, you can finalize the Buy Sell Agreement using the information in this questionnaire' checked='checked' id='choice_75_26_0'    \/>\n\t\t\t\t<label for='choice_75_26_0' id='label_75_26_0' class='gform-field-label gform-field-label--type-inline'>No, you can finalize the Buy Sell Agreement using the information in this questionnaire<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_26_1'>\n\t\t\t\t<input name='input_26' type='radio' value='Yes, we would like a phone consultation or conference call with all members'  id='choice_75_26_1'    \/>\n\t\t\t\t<label for='choice_75_26_1' id='label_75_26_1' class='gform-field-label gform-field-label--type-inline'>Yes, we would like a phone consultation or conference call with all members<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_75_26_2'>\n\t\t\t\t<input name='input_26' type='radio' value='We would like a meeting in the KEYTLaw office at 7373 E. 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Next one of the members should complete this modification questionnaire. If you don&#8217;t have time to finish the questionnaire in one sitting, click on the &#8220;Save and Continue&#8221; link at the end of the questionnaire to get a link you can use to save your work and return later to finish. When you click on the &#8220;Submit&#8221; button at the end of the questionnaire we will send an email message to the email address entered in the questionnaire so you can review your information.\u00a0 If you find a mistake or want to change anything click on the &#8220;reply&#8221; button and tell us what you want to change.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-9207","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Buy Sell Agreement Modification Questionnaire - Arizona LLC Law<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.keytlaw.com\/azllclaw\/bsa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buy Sell Agreement Modification Questionnaire\" \/>\n<meta property=\"og:description\" content=\"You or a member of your LLC should have received a pdf version of a Buy Sell Agreement prepared for your LLC if you paid an additional amount for the document.\u00a0 If you have not already done so make sure that all members of the LLC are given a copy of the pdf file that contains the Buy Sell Agreement.\u00a0 Ask all members to review the proposed agreement and discuss potential modifications. Next one of the members should complete this modification questionnaire. If you don&#8217;t have time to finish the questionnaire in one sitting, click on the &#8220;Save and Continue&#8221; link at the end of the questionnaire to get a link you can use to save your work and return later to finish. 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