Legal Question in Business Law in Pennsylvania
Could someone explain box 4 and 5 of the Pennsylvania Certificate of Organization for Domestic Limited Liability Company?
Can someone define?
Asked on 8/24/11, 4:24 pm
1 Answer from Attorneys
Member's interest: You can order a corporate kit and have Certificates to issue listing each member's ownership interest, similar to a Certificate for shares of stock in a corporation. Cross out this section if you are not getting certificates of ownership.
Management: The company can be managed by one or more of its members or by a manager or managers who are not owners. Cross out this section if the company is going to be run by a member or members.
Answered on 8/25/11, 5:28 am
Related Questions & Answers
-
After a contract is up, how long can a company automatically renew your contract... Asked 8/15/11, 11:36 am in United States Pennsylvania Business Law