LLP PARTNERSHIP ENTITY BUY-SELL Partner A 20%
Partner B 20%
Partner C 20%
Partner D 20%
Partner E 20%
Heirs of deceased Partner A
20% Interest Redeemed Life Insurance Proceeds from Policy on the life of Partner A
Limited Liability Professional Partnership
Results After the Redemption:
After redeeming the 20% interest of the deceased Partner, each surviving Partner’s share now represents a 25% interest in the Limited Liability Partnership
Cash Value
Partner B 25%
Partner C 25%
Partner C 25%
Partner D 25%
Partner E 25%