Securities Acts: Federal Securities Act of 1933 and Securities Exchange Act of 1934 - Required if membership interests could be classified as securities, governing registration, disclosure, and anti-fraud provisions
Internal Revenue Code: Federal tax regulations governing the tax implications of membership interest transfers, including capital gains, basis calculations, and potential tax liability
Hart-Scott-Rodino Act: Federal antitrust legislation requiring review of larger transactions that meet certain size thresholds to prevent anti-competitive mergers
State LLC Acts: State-specific laws governing the formation, operation, and transfer of LLC interests, including member rights and obligations
Blue Sky Laws: State-specific securities laws regulating the offering and sale of securities within each state's jurisdiction
State Contract Laws: State-specific laws governing contract formation, enforcement, and interpretation
State Corporate Laws: State-specific laws governing business entities, including corporate governance and fiduciary duties
Uniform Commercial Code: State-adopted uniform laws governing commercial transactions, including sale and transfer of interests
Operating Agreement Compliance: Requirements and restrictions specified in the company's operating agreement regarding transfer of membership interests
Third-Party Agreements: Existing loan agreements, contracts, or other obligations that may require consent or notice for transfer of membership interests
Employment Laws: Federal and state employment laws that may be relevant if the seller is also an employee of the company
Industry Regulations: Specific regulatory requirements, licenses, and permits applicable to the company's industry that may affect the transfer
