Legal Question in Business Law in California
LLC membership units
One member of young California LLC wish to withdraw from the company and
to give up his membership units. The rest of the company members wish to organize fund and transfer leaving member membership units to this fund.
Units in this fund will be reserved for the future members, employers or
investors.
How do we go about this situation? How do we formalize it?
1 Answer from Attorneys
Re: LLC membership units
All such decisions and transfers must be documented properly in the company records by mgmt, signed off by the parties, with proper notices and filings done [you've been doing that all along, right?].
Sounds like you need the assistance of an attorney to make sure you do these things right. Feel free to contact me if serious about doing so.
Related Questions & Answers
-
Small claims court Im being sued Back in July I contacted a moving company to move... Asked 12/31/07, 12:24 pm in United States California Business Law
-
Immigration and employment I recently employed a young lady to work, but 10 days... Asked 12/31/07, 6:12 am in United States California Business Law
-
Resale Permit help Okay, Is this clear ? I have started a clothing brand and Im... Asked 12/31/07, 2:59 am in United States California Business Law
-
Using a lawyer online I am deaf. Most lawyers do not like to hire an ASL interpreter... Asked 12/26/07, 11:49 pm in United States California Business Law
-
Closing the Office Can an employer give the same day notice that the office will be... Asked 12/26/07, 11:00 pm in United States California Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
