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Joining An LLC (BUSINESS & FINANCIAL & Corporate LAW)

Fri, 14 Dec 2007 00:53:00 GMT

To join an existing LLC, does the individual acquire shares of the company, or are there alternative ways of doing this?

I'm in NY.

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  • Sat, 15 Dec 2007 21:06:00 GMT(1)
  • Not sure, I'm the one joining the LLC.

    I'm trying to understand what precautions I should take before signing the agreement.
  • Sat, 15 Dec 2007 06:10:00 GMT(2)
  • Somebody who joins an LLC as something less than a member would seem to be an employee.
  • Sun, 16 Dec 2007 06:07:00 GMT(3)
  • In addition to whatever terms are in the contract you sign, you will want to review the operating agreement. You may wish to have the documentation reviewed by a lawyer before you sign.
  • Sat, 15 Dec 2007 14:19:00 GMT(4)
  • How does an LLC appropriate stock to a new member?
  • Mon, 17 Dec 2007 08:32:00 GMT(5)
  • The only way to know what is in the operating agreement, or what is in the contract proposed by your prospective business partners, is to read them. You can look up New York statutes here, and research recent case law here, but they won't tell you what's in the operating agreement or proposed contract.
  • Sat, 15 Dec 2007 20:57:00 GMT(6)
  • What does your operating agreement say about adding members and ownership interest?
  • Sun, 16 Dec 2007 20:44:00 GMT(7)
  • Ok, I'll make an effort to obtain the operating agreement beforehand.

    Would you happen to know an online website where I can research this topic further?
  • Leave a Comment Now.

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