Adding a Member to Your LLC
 

Admit a New LLC Member Document Package

  

The Proper Way to Admit a New Member to An LLC

 

Admitting a new member to your LLC is a big decision.  You are allowing another person to have ownership rights in your business.  This is not only a significant edecision but a long term decision.  This person will be your partner for the life of your LLC business.

There is an established general process or admitting a Member to an LLC. However, the process can range from being a simple process to a very complex process depending on several factors. 

 

Can I admit an LLC Member Without Using a Lawyer?


Because issuing an ownership interest is a major decision, the best method is to retain the services of a lawyer who can review your current business situation and documents and advise you on the transaction.

In certain circumstances, you will be putting yourself and your business at dire risk if you do not hire a lawyer and these situations include:

  • IF your LLC operating agreement imposes complex requirements for admitting a member
  • IF after the new member is admitted, you will no longer own a voting control of your LLC business
  • IF the new member is contribution property or services in exchange for the membership interest
  • IF the new member is asking for certain additional terms or special treatment related to his/her ownership interest


On the other hand, if your situation does not fall within the above factors and you choose not to hire a lawyer, we offer our Admit an LLC Member Document Package for straightforward transactions. 

 

The Admit an LLC Member Document Package

Admit a New LLC Member in Three Simple Steps

Package Includes:    
(Available by Instant Download in Word Format)
  • Written Governance Consent Approving the Admission of the New Member
  • Member Subscription LLC Agreement which Issues Membership Units to a New Member
  • LLC Operating Agreement Addendum - For Member Agreeing to the terms of the LLC Operating Agreement
  • General Instructions Report on How to Use These Forms to Admit a New Member to an LLC
  • BONUS SECTION- Understanding What Fiduciary Duties You Have to Your LLC Members

 

Please note that our Package is designed to work with an LLC that uses the LLC Expert Operating Agreement forms sold on this site.  If your LLC's Operating Agreement is based on a different form you can still use this Document Package  however you may need to customize some of the documents to work with your LLC Operating Agreement structure.  Or you can purchase an LLC Expert form and adopt that form agreement prior to admitting a new member.  Please review the instructions carefully. after purchase.

 

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Order The Admit an LLC MEmber Document Package Now

Add an LLC Member

Package Includes:    
(Available by Instant Download in Word Format)
  • Written Governance Consent Approving the Admission of the New Member
  • Member Subscription LLC Agreement which Issues Membership Units to a New Member
  • LLC Operating Agreement Addendum - For Member Agreeing to the terms of the LLC Operating Agreement
  • General Instructions Report on How to Use These Forms to Admit a New Member to an LLC
  • BONUS SECTION- Understanding What Fiduciary Duties You Have to Your LLC Members

 
 
 

Admit a New LLC Member Document Package

Forms + Instructions

Add an LLC Member

Package Includes:
(Available by Instant Download in Word Format)
  • Written Governance Consent Approving the Admission of the New Member
  • Member Subscription LLC Agreement which Issues Membership Units to a New Member
  • LLC Operating Agreement Addendum - For Member Agreeing to the terms of the LLC Operating Agreement
  • General Instructions Report on How to Use These Forms to Admit a New Member to an LLC
  • BONUS SECTION- Understanding What Fiduciary Duties You Have to Your LLC Members

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