Starting an LLC (Limited Liability Company)? Started an LLC and need to issue membership certificates that look professional and are easy to use? If yes, then this book is for you! What is an LLC (Limited Liability Company)? An LLC is a hybrid type of legal entity that provides the limited liability features of a corporation and the tax benefits and operational flexibility of a partnership. Owners of an LLC are referred to as "members." Depending on the state, the members can consist of a single individual (one owner), two or more individuals, corporations or other LLCs. What is an LLC membership certificate? An LLC membership certificate is a document that certifies ownership and specifies the number of units or percentage owned by a member in an LLC. While LLC membership certificates aren't required by federal or state law, it is still highly recommended for LLCs to use them. Without an LLC membership certificate to show evidence of ownership a member may have no say or control in how an LLC is structured or operates. Generally, LLC membership certificates are issued during the initial meeting of its members. A membership transfer ledger is also used to accurately record membership transactions whether it is an initial issuance of units or percentage of ownership or any subsequent transfers during the LLC's existence. This book contains 20 blank LLC membership certificates (for the use of any LLC organized in the state of Alabama), a membership transfer ledger to record buy-sell transactions of units or percentage of ownership, and bill of sale forms to document the purchase of units or percentage of ownership.
ISBN-10: 1545574308ISBN-13: 978-1545574300Paperback: 138 pagesSize: 8.5 x 0.3 x 11 inches