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To start an LLC in Alabama, you'll need to choose an Alabama registered agent, file business formation paperwork with the Alabama Secretary of State, and pay a $200 state filing fee.
Divide ownership of the LLC by calculating total cash investment by the members. Give each member an ownership stake equal to his cash investment. Four members contributing $25,000 apiece would each receive a 25 percent stake in the company.
A limited liability company (LLC) cannot issue shares of stock. An LLC is a business entity structured to have either a single or multiple owners, who are referred to as the LLC's members.
In an LLC, the units of ownership are not known as shares of 'stock'. The majority of the LLC's agreement delegates a particular number of ?membership interests? or ?membership units?. These LLC shares or units may also be further broken down into two types: the voting units and the non-voting units.