Is it Necessary to Issue Member Units When Forming an LLC?

Yes. The LLC must issue at least one unit or percentage of ownership to a member in order to be properly formed. Otherwise there were no owners (members) of the business.

Membership units are issued through a resolution prepared and signed by the incorporator, founder, or members. Assuming that the LLC has a sufficient open pool of authorized units from which the new units to be issued are issued from, the new units are been issued to the new member, and the process is documented often through a membership or subscription agreement, or similar type of agreement restricting what can be done with the units by the member. These type of agreements often used to protect the Company from having its shares transferred, sold, or otherwise given away to unauthorized members.

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Yes.

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