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
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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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