It is becoming prudent in many states to add an additional member to your LLC. It is important however not to appear as though you are adding a straw-man member. All LLC members must have a legitimate interest in the LLC, but what is a “legitimate interest” may be a matter of perspective.
Create An LLC
Maintain An LLC
- Author: Spencer
- Published: May 20th, 2009
- Comments: None
- Category: A's To Q's From Readers, LLC Corporate Veil Protection, LLC Operating Agreement, LLC Structure, Limited Liability Company Explained, Limited Liability Company History, Multi-Member LLC, Single Member LLC
Forming An LLC With A Straw-Man Member Does Not Necessarily Fix The Single-Member LLC Problem
- Author: Spencer
- Published: Dec 13th, 2008
- Comments: 1
- Category: A's To Q's From Readers, Charging Order Protection, LLC Corporate Veil Protection, Limited Liability Company compared to other entities, Multi-Member LLC, Single Member LLC
Definition of an llc: Part-1 The Single Member Hitch
Especially useful for small business owners, the LLC can mold to almost any business model. Most of the concepts explained below are better explained in the STARTright videos available in your member account. Limited Liability Companies mesh the best parts of the corporation and partnership.
Like anything, an LLC is weak when used in ways it [...]
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As a business law attorney and founder of STARTright, Spencer Rose is the driving force behind STARTright, and the voice behind STARTright Talk. A graduate of Boston University School of Law, Spencer developed STARTright to help entrepreneurs navigate the waters of starting a new business, especially the legal and tax aspects. "Talk is my opportunity to write about all kinds of aspects affecting entrepreneurship and business building." Follow Me On These Services
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