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4 Replies Last post: Apr 15, 2008 4:15 PM by nMoncrief

Looking for help with adding members to new LLC

Jul 4, 2009 1:10 PM

Click to view oldmoneymaker's profile Authority oldmoneymaker 9 posts since
Jun 23, 2009
Where can I get help understanding how LLC memberships work.
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,932 posts since
Aug 6, 2007
1. Re: Looking for help with adding members to new LLC Jul 4, 2009 6:02 PM
in response to: oldmoneymaker
Looking for help

Darrel, What do you mean by "how LLC memberships work"

LLC owners risk only their investment
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Click to view david_aa's profile Mogul david_aa 41 posts since
Jul 1, 2009
2. Re: Looking for help with adding members to new LLC Jul 7, 2009 6:53 AM
in response to: oldmoneymaker
Hello! It's strongly recommended to consult with a lawyer who is familiar with the laws of your state. Developing an operating agreement , remember that it should spell out exactly what the rights of
each member are. Rights include voting and management rights and
rights to distributions, but the two do not need to be in any way
related. For example, someone who is entitled to only 20% of the
distributions could be entitled to exercise all management rights.
And if course general answer to your question is: try Google
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